After years of rumors, Game Informer says it’s been able to confirm with multiple sources that Nintendo will unveil the successor to the Wii at E3 this year. This comes off news that the Wii will receive a $50 price cut next month. As far as information on the console goes, all GI knows is that it will have high-definition graphics, but are unsure whether or not it will exceed or simply match the PlayStation 3 and Xbox 360’s power. One developer is quoted as saying that the video game console is being done “right” by Nintendo and that it is not a gimmick like the Wii. GI’s confirmation also doesn’t go into what type of controller the new console will use. Seeing how Nintendo loves to work under it “blue ocean” strategy, differentiating itself from the crowd, we could be looking at even more accurate 1:1 motion controls. After all, this is the company that said it wants motion controls to be the new standard for controllers. Mark your calendars because the fun begins in early June!

UPDATE: IGN is reporting that the Wii HD will have 1080p HD, be significantly more powerful than the PS3/Xbox 360, backwards compatible with Wii games and launch in 2012. A pre-event announcement will reportedly be made by Nintendo this later this month with the full details again at E3.

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