Analyst: Wii U may have 50% more processing power than 360 or PS3

Arvind Bhatia at analyst firm Sterne Agee has stated that although the processing power of the console is yet to be confirmed by Nintendo, a number of developers said that the Wii U will be notably more powerful than both the PlayStation 3 and Xbox 360, and estimate a 50% better processing power. Of course, with the Xbox 360 being 6 years old and the PS3 being 5 years old, the Wii U better be more powerful.

The analyst also noted that publishers said they will likely make ports of existing PlayStation 3 and Xbox 360 games for the Wii U, which will be an inexpensive way of making money on tried and true titles while the install base will likely be much smaller than the Wii's. Major games like Assassin's Creed: Relevations and Ghost Recon Future Soldier have already been announced for a 2012 release on the Wii U.

Michael Pachter weighed in, saying the Wii U is "two years too late". He also says "the system will be either a phenomenal success or a phenomenal failure." Way to cover all the bases, Mike.