For all of you people who thought that the Wii was the biggest thing since the invention of the console, the Wii2 is going to set you straight.
The Wii2, codenamed Project Cafe, is rumored at the moment to be the successor to the ever popular Wii console. It will feature full HD graphics, a very powerful processor that surpasses the power of the Xbox360 and PS3, and a revamped controller.
The controller has two analog sticks, action buttons, shoulder buttons, and a 6 inch HD touchscreen display. The display would be used to stream games from your console to the controller.
IGN.com believes that it will look somewhat like this:
Also, Nintendo has reportedly already shown the console to several third party developers and has asked them to make games for their new console. This is new for Nintendo, and they do not usually allow third parties to develop for them.
It is speculated that it will be announced at E3 this year.