"We've always loved Nintendo"
"Wii U seems to be a lot more powerful than the previous generation," Gabe said, adding, "It sort of fits better into the scalability in terms of graphics performance and CPU performance, so I think it'll be a lot easier for us to fit it into our scalability model." 

Speaking at the Games for Learning Institute's Games for Change conference in New York today, Valve boss man Gabe Newell spoke encouragingly of the prospect of Valve support for Nintendo's new console. 

"Now it's a lot easier to look at Wii U and have it fit within that framework."

Only time will tell how Valve will teleport their way over to Nintendo's new console.

EB Games is asking the equivalent of $633 or £390 for the hardware, which Nintendo has said will not dramatically out-perform current consoles due to cost balancing issues. As one of the big things presented at E3 2011 and rumored about is the processing power of Nintendo's latest console.

No official pricing for the console has been set.

For comparison purposes, the Wii launched at AUD $400 and can now be had for under AUD $180. The 3DS is still sitting at around AUD $350.

The PlayStation 3 launched at AUD $999 as compared to the US’s $600. It has since dropped to $498, while the base model Xbox 360 currently goes for AUD $398 in a bundle.

Australian hardware prices are traditionally higher than international price points, even after accounting for currency conversions.

Don't let these prices scare you however. To learn more about the Wii U visit this article. Wii U Full Details and Specs

Nintendo has indeed announced their new console and again has stolen the show at E3.

The processor is a 45nm chip, with embedded DRAM that "is capable of feeding the multi-core processor large chunks of data to make for a smooth entertainment experience".
  • High definition display, up to 1080p resolution via HDMI output
  • 6.2" touchscreen on New Controller, running in non-HD resolution
  • Front Facing Camera
  • Internal flash-based media storage, upgradeable via USB and SD cards
  • Game Discs WILL BE 25GB in size
  • Games will also be available as downloadable content
  • Console compatible with Wii games and devices
  • Release date between April 1, 2012 to December 31, 2012; or after the end of Nintendo's fiscal year
The new controller has two analog sticks, one d-pad, four face buttons, two shoulder buttons and two triggers. The new controller also incorporates a large touchscreen interface, a front-facing camera, gyroscope, and microphone.

Click READ MORE to see the Whole Article and Tons of Screenshots of the WII U