According to our impeccable source in Japan, Satoru Iwata will make the announcement at 5am UK time – as first predicted by MCV last month.
Little is known about the machine's exact extra functions, but we do know the product will be the ‘multimedia’ model mentioned by Nikkei this week – with extra storage and a camera function.
The launch date and price of the machine is still unknown – but it will be a surprise to see its arrival delayed until after Christmas.
It is thought that Nintendo is particularly keen internally to give the system a boost in Japan, where it has been trailing PSP in recent months.
The same can’t be said in the UK, however, where the latest ChartTrack figures highlight the console as the most successful in the territory – with a whopping 7.1 million installed base.