With the sheer amount of reports leaking from from a variety of sources to outlets everywhere about Nintendo's upcoming console, it became impossible to believe that it wasn't true. It also helped that gamers know Nintendo was falling behind big time on the tech from with the Wii and that it became obsolete with the advent of Sony and Microsoft's release of motion controls for the PlayStation 3 and Xbox 360, respectively.

Then came word from Shigeru Miyamoto himself that of course Nintendo had a new console in the works, revealing that they started work on it right after the Wii released. Reports indicated that Nintendo would announce their new console (Wii 2?) sometime soon, with a full reveal at E3. If you've been waiting for this moment, the Nintendo Wii 2 is officially debuting in 2012.

The new, more powerful HD Nintendo console has no official name, just confirmation that it is in fact, on its way for a 2012 release. The news comes via a financial report update to shareholders which explains that they did not include sales of the "Wii successor" in their latest financial forecasts. The best part of the small update, is that not only are they bringing it to E3 in June, but that the model they're going to showcase will be playable, much like the Nintendo 3DS was!

Here's the update if you wish to see it in their own words:

Hopefully, Nintendo sends out a press release soon with more details, but it's likely they'll hold back details on its design, name and possible launch titles until E3 so they can make even more headlines then.

For more information on the tech specs, controller designs, console name and what the Nintendo Stream (rumored name) may look like, check out the following:

Are you surprised that the rumors of the Nintendo console coming soon are true?

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Source: Nintendo