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Wow dem feels. My eyes watered up a little reading that last bit. I swear I'm not crying I swear :'(

The codename probably just means next console.

My prediction is they will go with a really cheap 199 VR device. If they want to recapture the Wii casuals that's their best bet. It won't be graphics intensive like the ps4 but will be like a modern day wii.

Games like Zelda will run on the Wii U but will be compatible with this in VR.

That's my only guess for an altogether new experience. Otherwise it's just a handheld and a console to replace the 3DS and Wii U at slightly different times.