I have some ideas about the "new game product".
1.) animal crossing 2: been in development for a long time, maybe since before AC was released, as that game was an N64 crossover. I mean you could certainly call AC unconventional, and now Nin knows it is popular and a "game" very easily enjoyed and
played by anyone that can read. Casual gamers loved it, people that hadn't played games for years bought this to play with their families. It could be a huge new nintendo franchise and/or liscenced product that makes AC2 totally unique. Some people speculated that the new game product could be Mario 128, but if you going to consider including a game in this "new game product" catagory, you would have to inclusde AC2.
1a.) some sort of hard drive (or one of those unreleased super memory cards -do not remember the name) with animal crossing 2 installed and ready to go, possibly with online of some kind (more elaborate than password trading, but probably not total online -maybe trading clothing designs, and patterns, or downloading more games).
2.) iQue Worldwide version, probably under a different name and a huge back catalog of games. Yes, the china version has been anouced and released, but man I really think this is what is coming, or a more modern version, maybe even some different controller design(s). "not a console - not a handheld"...hmm. Sounds like an iQue like product.