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New Nintendo Console Debuting At E3 This June, Launching In 2012, More Powerful Than Xbox 360 and PS3

Nintendo's next console will debut at E3 in June, moving the maker of Mario and Zelda into the HD era. The news, first reported by Game Informer who cited anonymous sources in their report today, confirms rumors that have been swirling for months in the wake of slowing game releases from Nintendo.

Furthermore, we've heard that the machine will be more powerful than current-gen systems, meaning Nintendo, currently backing a Wii that is weaker in horsepower than the Xbox 360 and PlayStation 3, will be showing a new console that is more powerful than those current competitors.