It looks like a gaming console, I wouln't say it looks "HOT" unless you like gaming more than sex.

It looks like a cross between the N64 and a jet ski. Also, "Nexus" doesn't seem like Nintendo's style of nomenclature for consoles. However, this looks better than The Phantom by Infinium Labs.

I'd say it's a fake. The design really doesn't seem Nintento, and all the labels all over the front REALLY don't seem Nintento. I know it's a concept, but I could put this together in about 30 minutes with 3ds max 5 (including all the fancy shading). It would be AWESOME if all these specs were true, but I'm extremely skeptical about this.