Nintendo Japan posted a small press release today confirming rumors that a new Nintendo console would be released soon. Below is the press release.

Press Release

Nintendo Co., Ltd. has decided to launch in 2012 a system to succeed Wii, which the company has sold 86.01 million units on a consolidated shipment basis between its launch in 2006 and the end of March 2011.

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.

Sale of this new system have not been included in the financial forecasts announced today for the fiscal term ending March 2012.

Source: http://www.nintendo.co.jp