I think everyone is writing this off way too early. As I said elsewhere, Nintendo makes a profit on every unit they sell. Xbox has lost over a billion dollars. Nintendo makes the best games by far. There will be good games on this system, you can bet. And with that understood why should power make a difference? People are focused too much on graphics and glitz and not real fun.
Besides, from what I've read, it looks to be quite revolutionary with wireless networking and gyroscopic controllers. Trust Nintendo to make a great product regardless of what is under the hood.
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