First, I'd like to establish something:
Why are we still quoting analysts?
1) Because the majority of us thinks they're relevant?
or
2) For the lulz?
I'm just curious.
DeaconKnowledge said:
It doesn't matter when Nintendo launches. What matters is WHAT Nintendo launches.
If Nintendo was bankrupt of ideas outside of what we've already seen from the Wii, then their impetus would be to introduce something new first, which still wouldn't guarantee them first place considering what Sony and Microsoft will do in response to the industry change that the Wii has brought.
What Nintendo has to do (and what they've alluded to many times) is that they have to compete with themselves to create newer and fresher ideas all the time in order to further themselves and the industry. This alone does not point to Wii 2 having just better graphics or more storage. More importantly, a Nintendo that competes with themselves doesn't HAVE to launch before Sony or MS do anything as their biggest competition is with the gamers that have grown tired of Wii. When this happens is when you will see a new Nintendo console, not when PS4 or XBOX 720 release.
This is a very sensible post.
In all likelihood, Nintendo won't be the first to release their system, because what they'll do will be different than the competitors' possible Xii and Pii

p). I won't be a mere incremental upgrade to the Wii. When your product is different than the competitors', you don't have to be first to launch, because, in a sense, you will still be seen as the first-mover. That's because you and your competitors don't compete on the same values.
Whatever the competition comes up with, it will be seen as a follow-up, a sustaining technology to current-gen, while your product will be new and create its own category and its own rules from the get-go, in which it is, indeed, the first-mover.
When all three next-gen consoles will come, the most likely situation will be that Microsoft and Sony will still be proponents of the old values (horsepower-driven hardware + maybe a bit of motion-control/accessible software at best... But even that will not be new), while Nintendo will bring something new.