Megaton Announcement revealed?

I was pointed to this URL on IRC earlier today: http://www.consoletalk.com/News/FullStory.php?id=146 which supposedly has Nintendo's megaton announcement. Here is an except:

" (Tokyo)- In an announcement early this morning, Nintendo and Sony executives announced that they had come to a legal agreement over the rights to the name 'Playstation'. The name, which was originaly given to a joint-venture CD rom based add-on for the Super Nintendo, was technically, a joint- owned copyright. Sony has agreed to pay Nintendo 10% of all past and future proceeds made off of the name. This ammounts to a whopping 2.3 billion USD in back-payments. Nintendo will allow Sony to pay the money back in installments instead of a lump sum over the next 20 years. However, Nintendo has plans for their new found source of income. They will immidietly finance a new game studio called 'The Artists Group' which will feature members of Sega, Nintendo, Namco, Capcom, Konami, Tecmo, Square-Enix and more to collaborate on projects for Nintendo systems, and exchange copyrighted properties. The first projects announced out of this new studio are a new RPG using various gaming icons as the central charachters, a new Smash Brothers game, featuring mascots from accross the companies, including Pacman, Megaman, Sonic, Mario and more, as well as a new Sega-AM2 developed racing game that will also feature multiple icons from the various companies.

If this is true...well, I'm just speechless if it is.

ps: If this was allready posted, I apologize, but I didn't see it anywhere else.

If true, fuck Nintendo and their shit eating lawyers :)

Well, At least its not Capcom buyout announcement :)

That's been the rumor that I heard via the IGN boards.

If it's true, it'll be an even more exciting time for gamers. Just think of the possibilities.

I've been seeing this story since last night, and of course, nobody but that ConsoleTalk site is running it. No major gaming news sites that is. People are going to have to try harder than this next time.

This sounds the most likely of any lawsuit scenario. Jeez, why no concrete confirmation yet?

It only sounds likely in comparison to the previous lawsuit scenerio rumor, which stated NCL was entitled to 100% of Sony's Playstation-brand profits. :)

Yeah, it hasn't been reported anywhere else, so it's most likely just some nasty rumor cocktail consoletalk cooked up. Keep waiting.

The lawsuit over the Playstation name is real, but whether it's been settled and Nintendo have decided to create a magical gathering of developers (no pun intended) - I've no idea.

OMFG Dream Team 2! PSX, Saturn, 3DO and M2 are doomed!