While everyone's been busy assuming and forecasting when the next next-gen cycle will happen, and who will instigate it, with most of them placing their bets on either Sony or Microsoft, Square Enix CEO Yoichi Wada is putting his on Nintendo's corner.

Remember the PS3 3D demo Sony showed off at CES earlier this year? Well 3D talk is back again, and this time there's now a date for when PS3 owners can experience it.

While the camera-based motion-sensing tech shown by Sony and Microsoft during E3 definitely impressed a lot of gamers, Nintendo president Satoru Iwata had more of a "been there, done that" attitude.

All eyes are on Sony as they prepare to announce their restructuring plans in the next few days. Word is that they'll be cutting out some products from their hardware lines. While SCEE's David Reeves is sure that the PlayStation Group is safe, the mood is definitely tense as the clock ticks down to Sony's announcement.

Here come the Beatles, and are they coming to Rock Band? Gamasutra received an invite to a major presscon tomorrow with Harmonix owners MTV and Beatles rights holder Apple Corps. Industry speculation has it that they'll be announcing a partnership for Rock Band.

Sony has stated before that they won't be giving their PlayStation 3 console a price cut, but president Kazuo Hirai has expressed confidence that the console will still hold its own against its lower-priced rivals. More from Kaz after the jump.

Speaking words of wisdom: let it be, let it be. Well, we do hope it will be - because if recent news holds out, we just might get a Beatles release for Rock Band or Guitar Hero (maybe for both games, if Lucy's diamonds shine down on us just right) - just like how Aerosmith got their own version for Guitar Hero. Back in March, ATV Music (in partnership with Sony) already expressed interest in bringing the Fab Four's music to GH. Recent accounts, however, report that a deal may finally be settled in the coming weeks.

Electronic Arts' John Ricitiello made a bold statement regarding the state of entertainment media. He spoke of video games and movies. With the way things are developing now, he said that Hollywood needs video games more than it needs them. Find out the details in the full article.

Good news for our readers in Europe! The Xbox 360 price cut has been confirmed! The new prices will be effective in a few days, on March 14. By how much? Check out the full article for the details, just follow the "read more" link below.

Will the rumored European Xbox 360 price cut turn out to be true after all? According to a German business publication, it's going to be a go. While we're crossing our fingers with high hopes that this is already a confirmation of the price cut, we're still filing this one under rumors. Check out the details in the full article.