This is a little snippet taken from
http://cube.ign.com/articles/492/492253p1.html
"The former NCL president dismissed the quick arrival of a next-generation console. "Nintendo has no plans to release a so-called 'next-generation' videogame console at the next year's Electronic Entertainment Expo in Las Vegas. We will rather make a new proposal that uses the GameCube at its core," he said. "Only people who do not know the videogame business would advocate the release of next-generation machines when people are not interested in cutting-edge technologies." Yamauchi added that Nintendo's leadership shares his view of the business. "
What I dont get is why do the japanese say they dont intend on releasing a next generation system, when NOA just released that statement that they will be releasing a new system at the same time as teh competitors. Makes no sense.