Much better than expected. The Nintendo Online System make XBLA and PSN looks outdated.

Reggie speaking Japanese.

Nintendo retroactively won e3!

Bloody hell, missed the first 30 min of it, again! x_x

wow!! great stuff! : )

I need translation!!!

20:00 The presentation has begun. Miiverse is shown with launch title icons surrounded by Miis.
20:01 Iwata against a plain background. WaraWara Plaza is what you see when you power on.
20:02 Game icons are surrounded by players talking about each game. Simulated by staff now.
20:03 You find out what other players are playing at powerup. GamePad has Channel-like UI.
20:04 Last ND was a bit long, so this will be a bit shorter.
20:05 WiiU Premium Set unboxing now! 4.2 kilograms, a bit heavier than the Wii package. White gloves look a bit like Mario.
20:07 Two shelves. First, the system itself and the GamePad in adjacent compartment. Second shelf: system AC adapter, GamePad adapter, instruction manual, DQX beta voucher.
20:08 Vertical stand, only in Premium Set. HDMI cable standard. GamePad charging stand. GamePad play stand just for playing, not charging.
20:10 First, you must create a #WiiU user account. Multiple users w/ Miis per system, up to 10. Game settings, save data tied to user accounts. Browser bookmarks, play history as well.
20:12 Nintendo Network purchases by one user can be played by other users on same system. Nintendo Network to be usable on other Nintendo game systems, PCs, smartphones.
20:13 Browser, Miiverse, eShop require a network update. WiiWare and VC software transfer explained on website.
20:16 In-game feature video now. NSMBU has off-screen play. Suspend w/ home, access browser.
20:18 On-screen keyboard, cellphone layout, stylus written input. Change to TV mid-game. Browse other videos on the GamePad while streaming one to the TV.
20:19 Earned a silver medal in NSMBU, ask Miiverse community for help getting a gold. Post game screenshots to the Miiverse community. Read response comments with advice.
20:20 You can follow other players you see in the Miiverse boards and register them as friends.
20:21 There's a setting to automatically hide spoiler comments.
20:22 All Wii U games can make use of Miiverse without any additional work from developers.
20:23 In certain games, leave situation-specific comments and read others' thoughts there.
20:24 Miyamoto's drawing is shown as one of the situation-specific comments in Luigi's Mansion.
20:25 Meet many other players from around the world through Miiverse as the Wii U is launched.
20:27 Iwata is now video chatting with Reggie in his NOA office. Reggie is introducing himself in Japanese. He worked very hard to learn just a little bit.
20:28 You can draw on the GamePad and share the scribblings overlaid on the video feed. Video chat with registered friends is called Wii U chat. Has off-screen play.
20:29 XING and Nintendo co-developed karaoke software Nintendo-JoySound Wii Karaoke U.
20:30 Over 90,000 songs, purchase tickets for certain lengths of time during which to use.
20:32 Business-level quality at home. User settings. Regular karaoke videos, Mii performances.
20:33 Use the built-in mic or use the Wii U mic accessory. Bundle with Wii Karaoke U trial disc.
20:34 NSMBU is all-new on the Wii U. Developer explanation video following this presentation.
20:35 Many people still haven't heard of the Wii U, but please tell them about it if you can.
20:36 Director Takemoto. Two planners. 1280x720 resolution in NSMBU.
20:37 Source lighting from fireballs, star lifts. Contiguous world map like SMW, unlike SMB3.
20:38 Forks in the road let you choose different worlds to move to. New characters. Wanted to include a flying feature, is easy to control for new players.
20:40 Flying squirrels called Zunguri (they look like acorns, or donguri).
20:41 Totten ("taking") steals from Toad. You have to chase him down to return the item to Toad.
20:42 Spit out balloons with Baby Yoshi, even while flying.
20:43 During off-screen play, use R button in place of Wiimote flips. Buddy play to add blocks.
20:44 Wanted to create fun, self-explanatory gameplay for buddy mode. Add staircases, reach stars.
20:45 Die a few times and you'll be asked to post your frustration on Miiverse for others.
20:46 With Mii Mode: Miis also appear in simultaneous multiplayer.
20:48 Boost Mode, Time Attack, Coin Battle Mode. Also: edit coin locations in stages w/ stylus.
20:49 Challenge Mode: set your own game rules and present them as challenges to others.
20:51 Play Buddy Mode with someone you trust not to screw up and strengthen your relationship.

Subtitled Nintendo Direct <-----  add link to OP.

I hope there`s a full european ND coming. Bits with subs aren`t enough! :(

For me the most amazing thing on the video

You can take in-game screenshots and post them in the that specific game board on Miiverse to let the people see it and comment about it!!!

there will be a forum-like Boards on miiverse for every game!! awesome!! to share info with the people and that kind of things and ask for help, adding friends... very good job with that nintendo.

Man, WiiU is going to be sooo good!!!