According Yahoo Japan, Nintendo is working on a new handheld code name MH.

[Nautilus]

Wyrdness said:

Nautilus said:

Instead of playing a videogame about hunting monsters, you just press a button on the new Nintendo handheld and it turns into a monster so that you may hunt it in real life!

Mate... Have you seen the animals you fight in that game I'd rather hunt them when they're safely behind a screen.

Capcom just wants to add a whole new meaning to permadeath XD