Current is a TV channel i watch on occasion. It has a good show on it called Vanguard. There is a channel called We, but I never watch it.
as for Nintendo. They will have to make a new franchise. Not because they need to, but because the're current Franchises are tied up. Im thinking Nintendo is devoting its Mario Resources to 3DS, and its Zelda Resources to Wii. So to fill the void they will have to make a new franchise. That is probably what Current is.
Also, current might use heart monitor tech. If the system (which we all hope) is going to has power behind it than what are they going to use it on if Mario and Zelda are tied up? Nintendo usually creates its new franchises at the beginning of a systems life. Some are big, some are tiny. There was Pikmin on GCN, and Miis on Wii. Also, didn't Miyamoto say he was interested in making his own Survival Horror?