IGN:
Nintendo Japan tonight confirmed it will release a new game console in calendar year 2012. It will be announced and playable at E3 this coming 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,” the company said in a brief statement. Nintendo did not reveal any additional details.
Exciting!