The following information is from Reuters.com,


"TOKYO, May 28 (Reuters) - Nintendo Co Ltd <7974.OS> said on Friday it has codenamed its next-generation home console "Revolution", cementing a pledge to offer video game fans an entirely different gaming experience from current machines."

"The company said on Thursday it would like to debut a new game machine at next year's E3, the game industry's annual trade show usually held in May, but Nintendo officials said it would be wrong to call Revolution a successor to its current GameCube console."

"This won't be a continuation, but rather something entirely different," Nintendo Senior Managing Director Yoshiro Mori said at an analyst's briefing. Nintendo President Satoru Iwata told Reuters earlier this month that the next-generation game machine would change how people now play video games, sitting in front of a television holding a controller."

"The Kyoto-based game maker said it plans to boost research and development (R&D) costs 27 percent from a year ago to 20 billion yen ($180 million) in the business year ending March 31, in part to fund development costs for Revolution."

"Nintendo generated buzz at this year's E3 with a new dual-screened handheld game called "DS", which will come with two, three-inch (7.6 cm) LCD screens, one of which is touch-sensitive and works with a pen-like device."

"The company forecast on Thursday that it plans shipments of 3.5 million "DS" machines this business year, but Nintendo's Mori said the potential is much bigger."

"If it is well received by consumers, it's not out of the question to see shipments rise to 10 or 15 million units in the next business year," Mori said."

"Shares of Nintendo rose 3.55 percent to 11,080 yen on Friday, boosted by the company's earnings forecasts for this year and a bullish outlook for annual dividends. The Nikkei 225 average rose 1.29 percent. ($1=110.95 yen)"


I can't wait to see this at next years E3.