UNDATED (CNN) -- Video game giant Nintendo will make a major announcement about its next game console today.
The company is holding a media event this morning in New York, where it's expected to announce a release date and pricing for the "Wii U".
TIME reports Nintendo has already announced an early December release for Wii U in Japan, selling for between $330 and about $400.
Wii U is the successor to the hugely popular Wii video game system, which debuted in 2006.