Following a flurry of reports and leaks last week Nintendo has officially confirmed it will be launching a successor to the Wii next year. The company offered no details as to how the next-generation console will improve on the current one, though we'll probably hear a lot more soon as Nintendo reportedly plans to show off a playable model of the still-unnamed device at the E3 gaming expo in Los Angeles this coming June.

The revelation was made Supposedly, the Wii's successor will cost between $350 and $400 and could be ready to ship in early 2012. Given that sales of the new system were not included in the financial forecasts announced today for the fiscal term ending March 2012, it is believed that the new console might not be out before April of next year.