Feder: PS3 with Move is Wii HD

Take Two CEO Ben Feder has told attendees at an investors event that Wii HD exists today in the form of PS3 and Move.

Speaking at the Kaufman Brothers, L.P. Investor Conference in New York, Feder also told a story on how his son is now embarrassed to bring over any friends because he doesn't have a HD system like a PS3 or 360.

"What Sony and Microsoft have really done with Kinect and Move, especially Move, is provide a bridge for guys that are used to playing the Wii system with the wand and bringing them over to a HD system," he said.

"The PS3 with Move, in my view, is the Wii HD system. I think maybe Mom isn't playing, but the kids are 'graduating,' and Microsoft and Sony have both provided a bridge to bring them over."

He also briefly touched on when we're going to see the next main GTA being announced. Spoiler: not any time soon, by the looks of it.

"Unfortunately, we've said everything we're going to say about Grand Theft Auto. I appreciate everyone's concern and interest as to when the game is coming out," said Feder.

"We're not prepared to announce it today, but when we are, we'll let you know."

Thanks, IGN.