This is based on recent rumors that Nintendo will be launching a new brand with its hypothetical hardware, aimed primarily at the western "hard-core" audience:
- Full-Blown Pokemon MMO - Bam!! Instant WoW Killer!

- Localize Mother Series, preferably with updated graphics, leading up to Mother 4 HD made by EAD Tokyo! Based on recent interviews in which Itoi (creator of the series) has mentioned he would not be creating another game in the series, but would like to see it live on. This could also be a serious contender in the genre of RPGs with a stronger western style, like Mass Effect etc. This is certainly a genre with increasing appeal in the west and could be an important market to try and capture.
- Speaking of RPGs and expensive HD remakes, what company better than Nintendo has the deep pockets necessary to help Square-Enix make FF VII HD a reality? Nintendo exclusive, of course

- All new IP Shooter franchise by none other than Retro Studios! Let them run Wild and flex their creative muscle, giving the likes of Bungie and IW a run for their money!
- Comprehensive Media capabilities, including Blu-Ray play, "tablet" support (aka the controller with an HD touch-screen), streaming demos (via Onlive or gaikai), social connectivity and user-created content at the OS level as well as other possible non-gaming services like a book-store (for the "tablet") and so on. This would definitely give Apple and Sony a run for their money. Recent comments from Reggie strongly point to Nintendo looking to broaden its focus from games only to other forms of entertainment too.
- Modular hardware with a simple upgrade path: Imagine releasing with 2 gigs of system RAM with an option to add 2 more gigs in the future. Other possibilities include SLI support for an additional graphics card add-on when the time comes, or even a water-cooling unit that would plug on top of the main CPU and allow for dramatic over-clocking via firmware update. The platform could be designed from the ground up so that performing these replacementsupgrades is as simple as plugging in Lego bricks. This is the kind of ingenuity Nintendo is good at and has already been rumored as Project Butterfly. It can also be argued that this would have huge appeal for graphics and image-quality enthusiasts the likes of which have dedicated countless hours to creating the Dolphin platform. This way, in addition to extending the lifetime of the hardware it could also be used to make improvements to existing games (for example, a game running on a single GPU could have superior lighting and Image quality when run in SLI mode).
- Same classic Nintendo franchises, but in HD! It's as simple as that! A new mature HD Zelda! >>> Dragon Age or Elder Scrolls. A new Pikmin that borrows from the likes of the Total War franchise, allowing you to control potentially thousands of Pikmin at once (there was a remark made by Miyamoto not long ago about how these two franchises especially could benefit from HD).
Obviously, all of this at once would provide a prohibitively large investment for any company, not just Nintendo. But some of these moves could have serious ramifications with Nintendo's relevancy in the growing western markets which are becoming dominated by western companies like Valve and ActiBlizzard. It could be argued that there is a long term agenda here for a Japanese platform holder like Nintendo, especially with the home-market becoming less and less significant. This is something that even Nintendo mentions repeatedly as a problem and goes together with the rumors that they will be launching a new brand with this hardware, aimed primarily at the western "hard-core" audience.
Of course, the recent wave of rumors could all turn out to be false. But assuming they are not, the question to be asked is: Does Iwata see this as an opportunity to grow the company into something bigger than it is today in order to remain competitive on a dedicated closed platform? If the answer is yes, then at least some of these moves seem essential to me.
Personally, I would be just as happy, if not more, seeing Nintendo go in the opposite direction and explore simple ideas rather than ones that are so grandiose, so I am basing all this strictly on what has already been rumored.
Any other ideas? Or suggestion? Or just telling me how much I suck for starting such a thread? 
Until you've played it, every game is a system seller!
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mini-games on consoles, cinematic games on handhelds, what's next? GameBoy IMAX?
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