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Originally posted by Dyne
Didn't they announce Project Dolphin quite early though? I remember Rare had acknowledged it in Donkey Dong 64... and still, that was near the middle of it's life.
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They announced Project Dolphin 2 years before at E3. Big reason was because the first console of that generation was coming out in a couple months over in Japan. PS2 was also coming out early that next year in Japan. Can't let you fall behind.
So far all we have heard officially is that there will be another console from Nintendo, Sony, and Microsoft. None of them are giving details, because if information like this was true, it gives competition years to develop better hardware.