i just saw this on my facebook and it is confirmed by Nintendo  This year  e3 going to be big for nintendo this year

http://wiihdrumors.com/confirmed-wii-2-to-be-announced-and-playable-at-e3-2011-probably-not-released-until-after-next-march/

http://kotaku.com/#!5795241/nintendo-confirms-wii-successor

very nice

Its happening and it will be playable at E3

Some info: 

-Tentative release date of June 2012.
-Controller screen resolution of 800x500.
-Can play games, watch movies, and more without turning on the TV by just streaming them to the controllers. Can stream to multiple controllers at once.
-Each controller acts a terminal, with the console doing all of the calculations to reduce latency, controller cost, and bandwidth requirements.

well at least we have a confirmation, this beats all the rumours

this sounds impressive june 2012 hmm later then i thought , i was thinking march 2012  a year from 3ds launch but eh

IGN

Nintendo Japan tonight confirmed it will release a new game console in calendar year 2012. It will be announced and playable at E3 this coming June. 

"We will show a playable model of the new system and announce more specifications at the E3 Expo, which will be held June 7-9, 2011, in Los Angeles," the company said in a brief statement. 

Nintendo said the Wii console to date has sold over 86 million units worldwide since launch in 2006.

http://ie.wii.ign.com/articles/116/1163764p1.html

=o.....this is quite exciting.

Nintendo Co. Ltd. has decided to launch in 2012 a system to succeed Wii, which the company has sold 86.01 million units on a consolidated shipment basis between its launch in 2006 and the end of March 2011.

We will show a playable model of the new system and announce more specifications at the E3 Expo, which will be held June 7-9, 2011 in Los Angeles.

Sales of the new system have not been included in the financial forecasts announced today for the fiscal term ending March 2012.

Its confirmed.

2012 = NES 6.

I think I just blew my wad.