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Miyamotoo said:

Iwata: We can’t talk about the NX. If we do, competitors may take our ideas and customers won’t be surprised. This would not be beneficial for the company or its shareholders. The NX is new hardware, and will start from 0. However, the 3DS and Wii U have install bases. Immediately cutting off SW for previous HW upon the release of a new machine is inefficient. We will continue making 3DS/Wii SW while preparing for the NX. We are prioritizing satisfying customers who purchased the Wii U.

http://www.ign.com/articles/2015/06/26/nintendo-quiet-on-nx-console-over-worries-of-competitors-taking-ideas?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+ign%2Fnews+%28IGN+All+News%29

 

Well that confirms it... its a replacement for the 3DS .