Speaking briefly about Revolution, Iwata announced a number of hard details regarding the next-generation system for the first time - including the fact that the console will be backwards compatible with the GameCube, and will have WiFi online functionality built into the system.
The chips for the system are on schedule, he claimed, with ATI working on a custom graphics part codenamed "Hollywood" and IBM working on a chip called "Broadway" - the capitals of movie entertainment and stage entertainment respectively, he noted.