The Wii 2 will not arrive before April 2012 says Iwata

Nintendo relying on the 3DS to pick up this year's financials

Nintendo's president, Satoru Iwata, has announced that their new home console, codenamed Project Cafe will not arrive in this financial year.

Iwata promised that Project Cafe will offer something new for the home console market but told investors that the new machine would not arrive before April 2012.

He explained: "It became difficult for developers to surprise customers with the current Wii... We will offer something new for home game systems."

Project Cafe will be unveiled in a playable form at this year's E3 in LA this June. We'll let you know more as soon as we have it.


E3 Trailer