So its done and we know what it is, but what are the specs of the system? We still don't know much yet but more and more info is being released my Nintendo about the new consoles features and build.

At this point in time we do know that the console will support the old Wii controllers no matter which ones. with that we also know that it only has 8GB (questionable as of yet) on internal storage, but will support the use of SD cards or USB drives to save game data and more. Nintendo has confirmed that the system is going to show a 1080P picture, as far as the controller screen goes it seems that its just getting the 480P cold shoulder (sad, they for sure could at easily put a 720P display in that bad boy).
More about that controller, its just a controller you can't use the controller away from the console, (system has to be turned on and playing the game) but you can play a game on the screen with the system on as long as you are in range for the connection. When we saw the demos for the system and the way you can manipulate what happens on the TV by playing with the touch screen, it kinda reminded me of that scene from Iron Man 2 where he was at the court hearing and hacked all the TVs with his little holo-screen gadget.
Here is the more interesting note about the system. The discs that they will be using are NOT Blu-ray, however they will be able to store up to 25GB of memory in them. I have a serious question now, what could they possibly be doing that would require that much space for a Nintendo console cause it not the HD graphics I'm sure of that.