It looks heavy, and Nintendo would have made it a lot smaller if they were to have made. Plus there is no need for them to do that because of the DS being a big hit right now.

Looks like concept art.

I'd say the next DS will probably have GC like graphics and etc..

It does everything this

How do the controls fit when it's closed?

I'm sorry to say this, but this is not news.

If you look at the first picture of it closed it clearly has the current date visible as 5/10/03 so it's definitely old. This is still how i want a handheld to be though. Make the handhelds one generation behind so that the old games that we already own still have a use and when we get home we can then place the games into our new consoles to play backwards or in the old system. That would give each game purchased value as a regular game as well as a future handheld game, the system would launch with a huge catalog on day one, and the games made for it would also have value to people that may not even own the system since they only use standard systems. How could a system fail with a setup like that?

well, it looked pretty serious to start off but if you look into it you will notice that the controlls will not fit when the screen is closed, the disk would cause some problems, and this thing will not fit in your pocket.
I was phyked at first but soon realized that this was some fanboy with way too much time and money on his hands.

I also saw these a a year or so back and they are very nice fan made photoshoped concepts.

I saw these 3 years ago (no joke) and what is up with it coming back?

Nintendo is doing too well with DS to be upgrading this quick.