[UPDATE: This post was originally written on May 30, 2011. It's extremely timely, however, given the state of Nintendo. Here's what we thought about the company's situation two months ago. Were we right?]

Welcome to GameDay, DaftBit’s back and forth banter about the topics you need to hear about, by the people you need to hear it from — Pete Betcher and Jason Leavey. Do your homework (politely waiting for you below), put on some tunes, and try not to hate.

Today we cover the likelihood of a major shift in the console hardware race, either a disappearence of a current player, or the explosion onto the scene of a new gladiator looking for blood money.

Homework:

• Sega Shifts to Third Party Status
• iPhone enters as a gaming console
• OnLive lives

And onward! To the cup of life!

Pete Betcher: I know that I’m a little behind, but I finally finished up The Legend of Zelda: Ocarina of Time 3D and put the mastersword through Ganon’s thick skull earlier this week. I know, the game has been out for weeks now, but you have to remember there is another whole dimension to fight through! That’s a 50 percent increase over the original’s dimensional output, which obviously adds another 20 or 30 hours to the affair. Regardless, the game was an absolute treat, and if you have a 3DS I would really suggest picking it up.

Why I’m here now, however, is another story. One night, with my Zelda filled brain squeezed lightly between noise cancelling HeshPhones, I started thinking how fun (and terrifying) owning a hookshot would be. Which led me to thinking about the real world application of all sorts of Zelda goodies, which now brings the question to you, Jason Leavey and Rhody Tobin.

Welcome to GameDay, DaftBit’s back and forth banter about the topics you need to hear about, by the people you need to hear it from — Pete Betcher and Jason Leavey. Do your homework (politely waiting for you below), put on some tunes, and try not to hate.

Today we cover the state of motion controls, and whether there is a future in Kinect and Move for Microsoft and Sony.

Things you probably already know:

• Nintendo’s new approach to game control
• Microsoft could give Kinect a booster shot
• Old habits die hard

Enlightenment is just a click away!