RUMOR: Wii 2 SHIPPING TO NINTENDO IN OCTOBER; Wii PRICE DROPS TO $150 ON MAY 15

Terry Gou’s Hon Hai Precision Industry Co. is said to have landed an exclusive contract to build Nintendo’s next-generation video game console. According to a report on Wednesday from Taiwan Economic News, Hon Hai could begin shipping the Wii 2 to Nintendo as soon as this coming October.

Nintendo’s Wii console had consistently been a best seller for the gaming giant, but interest has finally begun to dwindle as competitive offerings pick up steam despite their age. Nintendo’s Wii 2 is said to be a direct attack the Xbox 360 and PlayStation 3, and it will supposedly feature AMD’s new Radeon R700 GPU for outstanding graphics performance and HD video capabilities.

With a rumored retail price between $350 and $450, the console may also be much more expensive than Nintendo’s current Wii console. A Wii 2 that lines up with these rumors would be an interesting move for Nintendo, which has found tremendous success with an inexpensive console aimed at more casual gamers compared to its competitors.

Also, Nintendo will be dropping the price of the current Wii to $149.99 on May 15th, possibly to reduce inventories ahead of the Wii 2 launch.

Wii 2 CONFIRMED FOR 2012; PREVIEW AT E3

Nintendo has just announced it plans to introduce a successor to its Wii console next year, a "playable model" of which will be shown off at the E3 gaming expo in Los Angeles coming up on June 7th. No details are available as to how the next Wii will improve on the first one, though we imagine Nintendo will be happy if it simply matches the success of its current-gen home entertainer.

Bloomberghas provided the first official hint about Nintendo's next console with a quote from company President Satoru Iwata. Nintendo will "propose a new approach to home video game consoles," though it won't be a simple move to 3D, as Iwata notes "it's difficult to make 3-D images a key feature, because 3-D televisions haven't obtained wide acceptance yet." Given that motion gaming is no longer new and 3D is off the table until 3DTVs go mainstream, we're now left facing only one potentiality -- Nintendo is planning on bringing genuine innovation to our living rooms. We suppose it also adds fuel to the rumor of a crazy next-gen controller to go with this next-gen console.