Nintendo will reveal details of a "new game product" in spring next year, president Satoru Iwata has told a Japanese news conference while discussing the Kyoto-based firms ongoing business strategy. However it is possible that this is not the mythical N5 console at all, and in fact some other form of device. The fact that Iwata-san has spoken of a "successor to GameCube" in the past and reportedly did not do so on this occasion could be significant.
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News source: The Register