Nintendo Japan has indeed confirmed the existence of its new game console, set for release in 2012 according to a new press release from Nintendo. Sadly, we still don't have any official images of the console or its controller.
Nintendo has also stated that the system will be playable at this year's E3 show in Los Angeles in 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.
We'll be on hand in LA at E3 to get some hands-on time with the console and we'll bring you all of the juicy details, at least if they can pry the controller out of our hands long enough to write them up.