Nintendo's Wii successor is set to utilise an entirely new controller and will be more powerful than Xbox 360 and PlayStation 3, well-placed international industry sources have told CVG.
CVG sources understand Nintendo plans to officially unveil the console, which will feature full HD visuals and graphical capabilities beyond Sony and Microsoft's current hardware, at E3 this June.
Leading games publishers have already been briefed on the new console, we understand, and launch titles from third-party developers are in the works right now.
What's most exciting about the Wii successor however is its all-new controller, which industry sources have indicated is not simply an upgraded Wii Remote, and will even feature a built-in HD screen.
Our sources did not specify whether or not the controller displays will feature any other functionality, such as that of the DS's touch screen, but it's easy to imagine the sort of innovation an extra screen could bring to Wii 2 games.
"Nintendo's plans sound unreal," one source said. "Publishers are already planning launch titles and it's all very exciting.
"The hardware is even more powerful than current HD consoles and backwards compatible with Wii. The controller will be all-new and has a HD screen on it."
We're told Nintendo plans to launch the Wii successor in late 2012, which lines up with earlier reports from other games media.
Asked to comment on today's reports earlier, a Nintendo of America spokesperson issued a straight "no comment".