“Inside our office, I’ve been recently declaring, ‘I’m going to retire, I’m going to retire,’” Miyamoto said in the Wired report, referring to his current position at the company.

Nintendo's Japanese stock dropped 2 percent on the news before Nintendo put out an official retraction, stressing in part that “Shigeru Miyamoto's role at Nintendo is not changing” and that his future priorities are “inclusive of overseeing all video game development and ensuring the quality of all products.”

In an interview with msnbc.com’s In-Game, Miyamoto has reassured everyone what he means.
“There is no plan to retire. I have no intention to retire,” he said through an interpreter. “And probably they won’t allow me to retire,” he continued, before quickly noting that this last part was a joke.

continue reading: http://lifeforgaming.blogspot.com/

Can Nintendo Surivive without Miyamoto ???

spurgeonryan said: Yes, but right now is not the most opportune time to do this. Let Wii U be an obvious hit then let it happen.

That is true....don't let this be like the Dreamcast, a great system that everyone walked away from....

Yes, Nintendo can survive without Miyamoto, he's certainly not perfect.