Iwata discusses why Nintendo went casual at E3, no 'core' titles before 2009, and how he thought he might lose his job

A portion of a Spiegel interview with Satoru Iwata. The comment has been machine translated…

We understand that people were disappointed (with E3). One must bear in mind that the E3 is always a good place to new audience to a mass audience, because the media interest is so high. So we concentrated on the games that we share with new customer in mind have developed. We wanted to show what we are this year and early 2009 on the market. We have our games for the hard core of gamers never neglected and there are still teams in such games. But it just takes longer, they finish two to three years. The beginning of 2009 we will not bring, so we could at the E3 show none. - Satoru Iwata

Check out the full interview here (thanks Schmix!)