According to Jeux-France, there is a possibility that Nintendo could be releasing an external hard drive for the Wii. The original source of the rumour is a Japanese magazine Gamelabo which is considered 'reliable'.
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The babelfish translation from Jeux-France states: According to the last rumours coming from the Japanese magazine Gamelabo, a source considered to be rather reliable, it would seem that the exit of an external hard disk for Wii was decided at an internal meeting at Nintendo a few days ago. Nothing Official for the moment, to follow.
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News Source:
Helmgames.com