Thanks to GameSpy for its in-depth interview with Nintendo president Satoru Iwata
regarding "what's gone wrong, what's gone right, and why Nintendo will end up on top."
Iwata admits that "the competition is tougher than ever before; and in the short run, we have seen declining profitability"
, but makes it clear that the next-gen GameCube (which he calls "GCNext or GCN"
) isn't about raw processing power - rather, Nintendo are "discussing... what should be done to entertain people in a new way; and in order to achieve this, what functionality must be added to our current technology."