Satoru Iwata reveals that release and pricing details for Nintendo's next console will be kept under wraps until next year...

A translation of Satoru Iwata's recent Q&A with investors has yielded more tasty morsels of information, this time concerning Wii U.

The Nintendo president confirmed that exact launch and price details would not be divulged until next year.

"Since the Wii U we showed you at the E3 show in June was still in the development phase without very specific proposals on the software titles, we are going to announce the release date and the price next year when we are able to explain the specific proposals."

After an... intriguing reveal at this year's E3, the system currently has a similarly vague '2012' release window.

Interestingly, Iwata went on to express his concern that, in the wake of the announced 3DS price cut, consumers would hold out on buying a Wii U with the expectation of an identically swift price reduction.

"With regard to the influence on the Wii U, what we have to take most seriously is that the price markdown could damage the trust of the consumers who bought the Nintendo 3DS just after the launch. I feel greatly accountable for it. Our decision of the price markdown this time has a side effect that, at the launch of the Wii U, people may feel that the price might drop in the near future if they wait."

We'll bring you all the latest Wii U titbits as they break.