Latest big rumors on the block is of course about the Wii 2. Notice the drought of Wii games for 2011? That's most likely because of the likely revelation of the Wii 2 at this years E3. Rumor has it the new console will attempt to capture more of the hardcore market and will be equal or exceed the power of the PS3 and Xbox 360, sport 1080p capability, backward compatible with Wii software and have 6" LCD touch screens on the controllers.
Other rumors claim that Nintendo sent a Wii 2 development kit to Rockstar with the intent of GTAV being a launch title on the system. GTAV is expected to be released in 2012.