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Soundwave said:

I believe Nintendo when they say it's a new concept and they don't want to just make successors to the Wii U and 3DS.

I think it's a portable console, it's what they couldn't do with the Wii U in 2012 because mobile chips at that point hadn't advanced to the point where they are today.

I think it will be a moderate upgrade on the Wii U but will be mobile and will have some other new type of game that plays into the mobility of the console to encourage people to come together and play together.

That's just my guess. I don't think Nintendo is interested in competing with Sony head-on. Especially not when they have such a commanding head start. And Sony's not releasing Vita 2, so Nintendo can kind become the premium mobile console provider.

450 GFLOP mobile processor is what I'm thinking. Similar to the Apple A9X but built specifically for gaming applications first and foremost. 

This. I don't think we will see a conventional console from Nintendo again. I think it will be a app based android type thing, but with conventional anologues and a few face buttons. Other buttons will be touch screen kind. I think it will share a library with playstore but also supported by Nintendo first party. It won't take game discs will be completely  reliant on downloads. It will also stream directly to any smart TV or via a HDMI on older TVS.  Basically a Nintendo I pad.  And I think it will be mega successful,  at least along the lines of kindle fire etc