After days of rampant rumors, Nintendo has confirmed that they will be releasing a new game console sometime in 2012. The company also announced that their next-gen, which is speculated to be codenamed “Project Cafe,” will make its debut at E3 this June.

“We will show a playable model of the new system and announce more specifications at the E3 Expo, which will be held June 7-9, 2011, in Los Angeles,” the company said in a brief statement.

No additional details were announced from Nintendo, but the past week has led to many claims of what their next console will look like and how powerful it will be. Everything from a tablet-shaped controller, to being “significantly more powerful” than the Xbox 360 and PlayStation 3 have been cited from various unknown sources.

According to Nintendo president Satoru Iwata, the company would like to propose “a new approach to home video game consoles” with the Wii’s successor. Whether or not this means that Nintendo’s next console will utilize downloadable-only content remains to be a mystery. With E3 2012 set for June 7-9 in Los Angeles, we could be seeing another great show in the making. More information about Nintendo’s next home console are sure to trickle in as E3 approaches.Let the rampant speculation continue.