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If this is true does it mean Nintendo have exited the home console market in favour of portable only?

The device is portable with a feature like the vita or vita TV has allowing it's games to be played on the TV.

Anyone read niroloks opinions on gaf?

He describes it as the natural result. Microsoft and Sony end up after western gamers with consolised pcs and Nintendo end up going after the japanese and the younger and casual western gamers.

All analysis on speculation but interesting none the less.