In my opinion my theory is pretty credible (if I may say so).
M$ have been try-hard trying to buy Nintendo for a few years now, while Nintendo keeps using Link's Triforce sheild to fend off M$ vultures because Nintendo would never merge or partnership with non gaming-only corporations, especially Western ones. In my opinion Nintendo will never ever merge or partnership with $ony or M$. Those corporations are mainstream market-chases, hence the use of DVD format or whatever format will be used by next generation media players.
Nintendo is a protective and proprietory format company and will never give up its ideals or its focus. Ever. Only one corporation is left since the CD-ROM format heydey and that is $ony luckily for its deals it did with securing 3rd parties, otherwise it ($ony) too would have gone the bust avenue of piracy. Well many of the psx 3rd parties did go bust anyway so thats a compromise. If you know what I mean regarding quality over quantity.
Everytime Nintendo declines on M$'s offers, M$ gets infuriated and publically bashes Nintendo through Xbox CEO or through Ken Lobb.
It took Nintendo 1 month to buyup shares in case of any hostile take-overs and M$ where aware of this and M$ indirect response to this was by publically claiming "Nintendo is not interested in the digital revolution because Nintendo is a toy company".
Nintendo should have come out and stated "We dont play mind games with digital mainstream-market chases, because were too busy play video games", but Nintendo hasnt because they dont even realise M$ exist in the market and Nintendo are busy doing what they have been doing for decades.
It truelly is funny how a corporation wants/needs another corporation but whenever the offer is declined the corporation resorts to public defamation.
It truelly is funny.
You know those famous anger-letters M$ have sent to eg. Home Brew Club or Linux etc, Nintendo should send M$ a letter refering to Nokia as being a good prospect for M$ to partner with. As they both seem to be struggling in this industry.
...And remember without M$ being able to buy shares in Nintendo, M$ will never be able to step allover Nintendo as a stepping stone to get to Square-Enix, which M$ have also been try-hard trying to buyup also.
Without Nintendo Square and Enix, M$ is nothing.
Nintendo, Square and Enix run the console business. End.