"... The primary concern is not to let consumers purchase hardware but to enjoy software. ... However hard our software developers try to create new and unprecedented titles with great ideas eventually there will be a day when devs will say they have no more means with that hardware. That's exactly the time we need to introduce people to new hardware. ... We just don't want to decide upon a fixed lifecycle of any platform."

– Nintendo President Satoru Iwata, BBC, "Taking the Wii to the next level"

(Link: Predicting a console's life-span is "nonsense", says Iwata)

More news, commentary, and predictions from The Industry Standard:

• Prediction: Sony releases Home for the PS3 by December 2008
• Analysis: The other shoe drops; companies setting up outside E3
• Analysis: The real reason Microsoft won't bring Blu-ray to the Xbox: HDi
• Analysis: Sony's PS3 Home timeline goes from bad to worse
• Analysis: Independent gaming could flourish on the iPhone