Bad news to SEGA fans, although it this is quite expected but SEGA is not planning to develop a new console system. SEGA has dismissed any plans to re-enter the console market and plans to remain a 3-rd party developer which they say is more lucrative.

Quite so, if they want to beat the Wii or the Xbox360, they’ll probably need something more than Sonic and Virtua Figther.

Several videogames website have reported rumors that SEGA is secretly developing a new console, which would be the company’s re-entry into the console system market.

News from videogamer.com says that SEGA had just recently applied for an updated trademark application for “Dreamcast”, hinting to the media of the possibility of “Dreamcast 2″. The description of the videogame system in the new trademark application is very different from what Dreamcast really is.

I would certain hope this would be true as SEGA console systems are still one of the best ever produced. We’ll have to keep our fingers crossed on this and see what this develops into. More info about “Dreamcast 2″ when I get them.