The Nintendo Wii is still enjoying brisk sales, but it's nothing compared to the system at its peak. There is also nothing to look forward to in terms of exclusives on the system in the near future. This may not mean anything, but it's troubling for Nintendo fans, and multiple outlets are claiming that we'll be seeing Nintendo announce a new high-definition system before E3.

"We have confirmed with multiple sources that this new home system is capable of running games at HD resolutions. There are conflicting reports, however, as to whether its graphics will be comparable to those on the Xbox 360 and PlayStation 3—meaning it could surpass or fall short of those systems. Either way it will offer competitive specifications," Game Informer reported. "Moving to HD should greatly help Nintendo and its new console in getting more multi-platform triple-A titles like Portal 2 or Mortal Kombat. This, in turn, will strengthen Nintendo's historically poor relationship with third-party publishers/developers."

IGN is reporting there will be an announcement about this new system this month, and the system will be revealed fully at E3. "Our sources have said the the console is significantly more powerful than the PlayStation 3 and Xbox 360, and that Nintendo's intent is to recapture the hardcore market," IGN claimed. This new hardware is expected to be released in 2012.

This rumor comes on top of another rumor that claims the Wii will see a price drop on May 15th, bringing the system down to a retail price of $150, perhaps with a bundled copy of Mario Kart Wii

This is all based on unconfirmed reports and anonymous sources, but we'll know whether there's any truth to these claims very soon. The idea of a Nintendo system that supports modern graphics is certainly an enticing one, and if it were backwards compatible, perhaps with the ability to upscale past games, it would be very exciting indeed. We'll keep our ears to the ground.