Nintendo really did miss the boat in the console war with regards to the PS One and M$ Xbox wars. They are now playing catch up with the Wii (pronounced Wee). I always prefered Nintendo games becuase of the simple gameplay and multiplayer options over the PS/Xbox type eye candy graphics with terrible gameplay or slow to pick up game learning curves.
It'll be great to see Mario on the screens again as well as Mario Kart and hopefully a replica of GoldenEye which nearly made me fail my Degree!
These videos of the new interface design and new controller with gesture movement control looks extremely impresive! Apparently the cost is going undercut the Xbox 360 by a lot and also the PS3...which has been delayed until March now outside USA.
I'd be seriously tempted if they go the same route with a Media Centre type approach like the Xbox does where I can send MPG/DIVX videos to my TV to watch etc. I know the iTV has just come out from Apple, but with no DVR capacity I think they are definately a "me too" device over anything! And I bet it won't play DIVX!