Right now, Nintendo is holding a Nintendo Direct event. Sarotu Iwata, CEO of Nintendo, is currently unveiling Nintendo's 3DS and Wii U plans for this summer. To this point, Iwata has detailed plans for "New Super Mario Bros U" DLC and recapped the company's plans for releases of "Resident Evil: Revelations," "Donkey Kong Country Returns 3D," "Animal Crossing" and more.

We find Nintendo's timing for this event interesting considering Microsoft is holding an Xbox event in only a few days, on Tuesday, May 21. This could be a strategic move in an attempt to take some wind out of the sails of one of Nintendo's major rivals in the ongoing console wars.

Watch the Nintendo Direct live stream here.