This was obviously expected. I have heard that Nintendo would most likely make the first move in the next-gen console race (more like casual stroll at this point), mostly due to their outdated Wii hardware. Microsoft and Sony are sitting pretty on their high-powered HD systems, while the Wii flounders in its sea of mediocrity and crapware.
It is kind of funny. It's 2011 and there hasn't even been any official announcements regarding new systems. Isn't this the longest timeframe since the 90's? It seemed to have become standard 5 years of shelf life for the systems before a new announcement, at least, was made. Maybe it's the recent recession that has contributed to video game publisher's fear of another 1984 video game meltdown due to an over-saturated market.
And, hey, maybe for once Nintendo won't release a gimmicky, kiddish little toy, along the likes of the Wii, GameCube, and arguably N64. Hey, I loved the N64 too, but I WAS a kid back then. Come on, guys. The color schemes and controllers look like they're crafted from a melted down Lego set.
Nintendo finally gonna catch up in performance? I actually don't think so. They've been riding this little niche for a while now, the kid-friendly wave. I guarantee it's going to be another next-gen slugfest between Microsoft and Sony while Nintendo once again sits in the audience.