Photo: Engadget

Nintendo has just finished its E3 press conference, as reported live with pictures by Joystiq and Engadget. It was based on the oft-repeated mantra that "playing is believing" -- a direct counter to the idea that "seeing is believing" because the Wii's graphics aren't up to Xbox 360/PS3 levels.

"Okay, the name ... we want to thank everyone that had good things to say about it ... both of you," quips Nintendo superhero Reggie Fils-Aime.

It seems the Wii will be out in the fourth quarter: no date, no price.