In August, Nintendo president Satoru Iwata explicitly stated that a successor to the best-selling $249 Nintendo Wii won’t “happen any time in the near future.” However, given Sony’s recent introduction of the $299 PlayStation 3 Slim and Microsoft’s $199/$299 Arcade/Elite strategy, the Wii has lost its pricing advantage. Further, even if Nintendo makes good on the increasingly likely $50 Wii price cut, the system remains the least technically proficient of the bunch.
Nintendo’s Wii has certainly earned its keep thus far.
As such, many industry watchers believe that Iwata’s “near future” could be a relative term. Speaking to the Financial Times over the weekend, Square Enix CEO Yoichi Wada said that he expects Nintendo to release an update to the Wii by 2011; one that will bring the console’s technical capabilities more in line with the Xbox 360 and PS3. Wada also stated that he believes Nintendo may possibly introduce a new controller along with the console update.