New Nintendo Console, coming in 2004.

[OB1]

That's what I've been saying. Releasing the IQue here would be a very stupid move on Nintendo's part.

Someone sent in a letter to ign cube and their theory was actually pretty interesting:

Hey IGN,

There have been a lot of comments made regarding the mystery product that Nintendo will unveil at E3. When IGN mentioned Iwata's statement (link: http://cube.ign.com/articles/460/460563p1.html) of how the product will "enable fun and movement not seen before", I thought about the investment Nintendo made with Gyration Inc. (link: http://www.gyration.com/pr-nintendo.htm) Nintendo used the RF technology Gyration developed for the Wavebird controller I believe, but Gyration also was developing a motion-sensing technology. This motion-sensing technology, called MicroGyro 100, is according to the company "a revolutionary new gyroscope sensor which can accurately sense the motion of your hand or body". Could this have something to do with Nintendo's mystery product? Maybe the "movement not seen before" is a new controller that senses the motion of the user to allow for more interaction between the player and the game. Miyamoto mentioned (link: http://cube.ign.com/articles/461/461576p1.html) how he'd like gamers to become more involved with a game instead of having the game perform the actions for the player (ex: pulling a lever with the control stick instead of the press of a button). Nintendo is know for their innovative controllers (D-Pad, Shoulder Buttons, Joystick to just name a few) and maybe they will once again push the boundaries of gaming and offer a new way to play games.

Matt responds: Nice theory. You could be onto something. Then again, it might just be conga drums.

That's the best theory I've heard so far. I remember that gyro thing a long time ago and was curious what would come of it. I'm getting pretty excited about this.