Near the beginning of the week, news sites all over the place sprung the news that Nintendo was putting their next-generation console plans on hold in order to focus more on the handheld market. Rumors started flying about that the Gamecube's successor wouldn't hit store shelves until 2007, way after Sony and Microsoft would debut their next consoles.

In order to quell all the unsubstantiated rumors, Nintendo announced that they will have their new home console (codenamed the "N5") on display during 2005's E3. Nintendo representative Yasuhiro Minagawa explained that what the statement MEANT to convey was that they won't release a new console until the 2005-2006 period, which Sony and Microsoft are likely to release their new consoles by.