There have been quite a few rumors circulating as of late regarding Nintendo’s next generation console. These couldn’t have come at a better time seeing how Nintendo Wii sales are starting to wane due to the fact that both Microsoft and Sony have released their own motion controllers. However, Nintendo has come forth to officially confirm that they are working on a next generation console set for release in the near future but that hasn’t stopped rumors from continuing.

According to the latest batch of rumors the next generation Nintendo console may be dubbed Stream and shipping this October With a price tag of $350 – $400. Furthermore, these rumors also suggest that the console will feature a AMD R700 GPU that will apparently outperform the PlayStation 3′s NVIDIA 7800GTX GPU. Unfortunately, seeing how these are just rumors we aren’t able to confirm them but it’s definitely something to think about as October will be here before you know it.

Yves Guillemot, CEO of Ubisoft, has recently predicted that games for the next generation of video consoles will cost upwards of $60 million to make.

Now, there is no word on when Microsoft, Sony or Nintendo will release their next generation consoles but Guillemot says since playing next gen games will be like playing one of today’s CGI movies its no wonder that the cost will be so high.

To put this into perspective, games for the Xbox 360 and Playstation 3 cost between $20 million and $30 million to make with the Wii costing much less. With games currently priced at $50 and $60 is it safe to assume games of next generation will cost $100 and $120? Let’s hope not but it would make sense if Guillemot’s predictions prove true.

Read (CNBC)