Iwata: Xbox Live and PSN are too far developed for Nintendo to catch up

Chat about Nintendo's newest console called the Wii U, unveiled at E3 2011.
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Current online platforms 'not particularly well suited' to the Nintendo approach.
Nintendo president Satoru Iwata believes that the numerous years Sony and Microsoft have spent developing their online platforms has left Nintendo behind and that rushing to "overcome or catch up" to them wouldn't be a smart strategy.

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