1.4 million unsold units and $80 million in potential sales are collecting dust in THQ's inventory.

THQ CFO Paul Pucino revealed that the uDraw performed $100 million below expectations in sales during a February 2 investor's Q & A.

According to the corporate officer, $80 million was lost from the 1.4 million units unsold in THQ's inventory, and the remaining 20 can be blamed on major discounting placed on many of the units that did sell.

At the investors meeting, the publisher has announced a $55.9 million dollar loss for the quarter. According to Pucino, $30 million of that can be directly attributed to the uDraw.

The move is part of a "plan of restructuring".

THQ is initiating a 'restructuring plan' which will result in up to 240 job losses and a one-year 50% pay cut of company CEO Brian Farrell, as reported in a recent company financial document.

For the most part, many of the planned cuts will be implemented by March 31, with some being pushed to September, and the aforementioned salary cut (from $718,500 to $359,250) beginning on February 13. THQ expects the restructuring plan to cost as much as 11 million dollars, with $8 million to go into severance costs, $500,000 into contract terminations, and up to $2.5 million into charges related to other fixed assets.

Only two games head to relatively new downloadable rewards service this month.

Mario Party 2 and Art Academy: First Semester are now available to Club Nintendo members as downloadable rewards.

These two new download titles replace last month's rewards. Mario Party 2 can be downloaded to your Wii for 150 coins. Art Academy: First Semester can be downloaded to your Nintendo 3DS for 150 coins, as well.

Both of these games are only available as rewards until February 29, 2012. If you ever wanted to play these game and have the extra coins, now is your chance.

North Americans knew they were getting the game, but didn't know exactly when until now.

Xenoblade Chronicles will be releasing in North America on April 6, according to the game's North American website.

Previously given a tentative April release date, North Americans can breathe a sigh of relief that the game's launch is finally almost here. As previously revealed, the game will be available only at Nintendo's online store and GameStop.

Xenoblade Chronicles was released across Europe in September 2011. 

The service was originally promised for the end of 2011.

Hulu Plus is still unavailable for 3DS and Wii owners, but Nintendo has re-confirmed the release of the application in a recent video.

Although no details have surfaced about the application since its announcement, it was featured alongside Netflix during a video posted by Nintendo regarding the benefits of connecting to the eShop. Under the Hulu Plus logo, the words "coming soon" are visible.

When the service was announced in October, the original promise was to have it released as an application by the end of 2011. However, Nintendo of America president Reggie Fils-Aime also updated the release date to "coming soon" during the October 21 edition of Nintendo Direct.

Upcoming eShop RPG gets demo today in Japan.

Denpa Ningen no RPG marks the first eShop downloadable title to receive a demo on the Nintendo 3DS. While the Wii saw demos for downloadable titles, up to this point Nintendo has only released demos for retail titles on their 3DS online shop.

The title, which releases next week on February 8 in Japan and retails for 800 yen, is an RPG where you must search for, catch, and proceed on an adventure with humans who are trapped floating around on radio waves. Currently, there is no scheduled release date for Denpa Ningen no RPG outside of Japan.

The hopeful March release will see release in April.

Dynasty Warriors VS. has been delayed in Japan, Famitsu recently confirmed.

Originally, the game was going to be released on March 15. Its new date will be April 26. The reason as to why Tecmo Koei has delayed the title remains unknown. Dynasty Warriors VS. was one of the first games to sport the Nintendo Network, which has since been confirmed as part of Nintendo's initiatives towards an improved online infrastructure.

No release date for North America or Europe has been given.

Nintendo will be losing significantly more money than expected.

Nintendo predicts a net loss of 65 billion yen during the fiscal year ending in March 2012, according to their recent financial briefing.

Originally Nintendo had only anticipated a loss of 20 billion yen. However, in the first nine months of this fiscal year, Nintendo has already experienced a loss of 48.4 billion yen; this increase led to the drastic raising of their net losses.

Net sales for the company were down 31.2% in the last nine months. Nintendo attributed this decline in sales to the decrease of Nintendo DS and Wii hardware being sold. The Nintendo 3DS's price cut also affected sales numbers.

The color swapping game for the 3DS will also see a release in Japan.

Shifting World, based on the flash game of the same name, will also see a release in Japan thanks to Arc System Works.

The game (which will be known in Japan as Shifting World: The Black and White Labyrinth) has players swapping colors in order to change what the character is standing on. The 3DS version will have new graphics as well as 3D puzzles.

Shift will be released in Japan on April 26. North America will receive the game by Aksys on April 24.

Nintendo releases the sequel to the NES classic in Japan for the first time.

Kid Icarus: Of Myths and Monsters is coming to the Japanese eShop on February 8. The Game Boy sequel to the NES classic was one of the few Nintendo published games to never see release in Japan; instead, it saw release in both North America and Europe in 1991 and 1992 respectively.

As it was never released in the Japan, the Japanese eShop release will feature English text, rather than Japanese. The game will cost 400 yen.