They have plenty of teams for that, but honestly if it isn't Zelda then I think it'll be Retro Studios next title. I don't think they have anything that has the potential to be a breakout success available to them apart from that title. Iwata said 2010, I know he's been completely wrong before (SSB:Brawl for Wii launch etc) but I don't think they have anything else that has real flagship holiday title potential if Iwata wants it for this holiday.

Good summary. I think Wii Relax and Zelda are on for the holidays this year. But Retro's new title is also a good bet. Nintendo have shown they can announce a big title and have it out a few months later, and I expect that's what will happen this year, whether it's Zelda or something else.

Thanks for posting this!  I saw "Dotstream" and clicked the hell out of that link!  (That was one of my favorite Bit Generations games along with Orbital and SoundVoyager.)  And then I figured I might as well click on all those trailers.  Wow.  Cave Story and Photo Dojo look amazing too.