Nintendo has confirmed a few of the less juicy rumors surrounding its next console. In an investor note released alongside its fiscal earnings today, the company stated it "has decided to launch in 2012 a system to succeed Wii." The note also mentions that the company will show a "playable model" of the new system at E3 this year.

"We would like to propose a new approach to home video game consoles [with the new system]," Nintendo president Satoru Iwata told Bloomberg. "It's difficult to make 3D images a key feature, because 3D televisions haven't obtained wide acceptance yet." Read more »

The E3 Media & Business Summit, reeling from criticism across the industry following its poor show for 2008, is looking to fix the problem.

The Board of Directors of the Electronic Software Association has officially proposed and is discussing the possibility of opening the show to the public, effectively reversing a 2006 decision to scale down the show and only open to the press, according to a rumor on Kotaku. Read more »