Don't give ideas from sony to nintendo, we will have a re-release of TWW named: "The Wind Waker HD Prime" with dlc's on the cd. but shh...
Console gaming nowadays looks less tempting as time goes on, deals on online selling companies are far better for the customer than retailers, blockbuster/netflix comes to mind.
A good console doesn't require hardcore new graphics, you can do fairly well with a not-so strong system, look at chrono trigger, that game was beautiful, or donkey kong for the Snes.