Nintendo had their investors meeting earlier today and in a minor note Nintendo confirmed that Project Cafe is in development and is scheduled for a 2012 release. Apparently a playable build will be on show at E3.
This isn't surprising but rather excititng. I guess a lot of those rumours were correct. Now just gotta start saving for the damn thing.
(Felt like this needed its own thread but feel free to merge with the rumour thread)