Nintendo President Satoru Iwata announced a new storage system for the Wii during his GDC Keynote earlier today. The storage system, which is composed of high capacity SD cards that are launchable from the Wii menu, will allow users to store Virtual Console and WiiWare games for play later. This will significantly add to the Wii experience, allowing Virtual Console to expand and include some larger third-party games, such as STARFORCE by Tecmo Ltd., and Mappy, Gaplus and Tower of Druaga by Namco Bandai Games Inc. starting today.

Also in the keynote were mentions of the release of the Nintendo DSI on April 5th, as well as talk of a new Zelda game for the DS, called The Legend of Zelda: Spirit Tracks, which will incorporate new and old, appealing to both longtime Zelda aficionados and people who are new to the game. Finally, Iwata noted that the Wii has shipped over 50 million units, and the DS has shipped over 100 million, expanding opportunities for developers everywhere to reach a much larger audience than ever before.

You can see the live blog from the Keynote here.