According to a Nikkei report (as reported by The Verge) Nintendo plans to merge its home console and hand-held divisions into one single unit in a "month's time" and will spend 30 billion yen (about $340 million USD) on a new Kyoto, Japan development facility to be opened by the end of 2013. Some are speculating that the date for this to begin will be February 16. According to the report, this move is meant to speed up development and production by allowing the two divisions to share knowledge and technology.
It is unclear why Nintendo is making this move, but some are speculating that the company is concerned that its newest generation of products will not perform as strongly as its previous generation like the DS and the Wii.
More on this story as it develops.
Source: The Verge