Nintendo has told Reuters that development of the next version of its GameCube console is proceeding as planned. "Other companies aren't expected to come out with next-generation consoles until late 2005 or 2006," said Nintendo spokesman Yasuhiro Minagawa. "Our machine will be ready at the same time as the other new consoles."

Comment: Both the SNES and the GameCube were very late, so being on time will be a big break with Nintendo tradition.