Multiple sources, including WhatTheyPlay.com (linked above), are reporting that Nintendo is currently showing early presentations of its next home console hardware.
It will apparently launch by 2011 and has been dubbed the "Wii HD". High definition visuals are assured, as is a greater emphasis on digitally distributed and backwardly compatible content, indicating that the new system will feature some form of local storage medium such as a hard drive or large flash memory solution.
It has also been indicated that Nintendo’s emphasis is again on what the consumer will hold in their hands and interact with, rather than the "console" itself.
To quote: There is no indication if this will be its eventual name, but the nature of the transition has been characterized as similar to "the shift from Game Boy to Game Boy Advance," where familiar, key elements were left intact while the core hardware was made more powerful.
It is expected by all those that we have spoken to on the subject that the new device will retain the Wii name in part. More PlayStation 3 News...