In addition to pricing and launch details, Nintendo (NTDOY) revealed a few key hardware specs for its upcoming Wii U on Thursday echoing earlier rumors that the console would be more than capable of competing with Microsoft’s (MSFTXbox 360 and Sony’s (SNE) PlayStation 3. In terms of disc-storage, Wii U games come on proprietary optical discs that can store up to 25GB of data — more than enough to store rich 1080p HD games. Even more impressive is that the Wii U can read discs at a 22MB/s compared to the 360’s 15.85 MB/s (DVD) and the PS3’s 9MB/s (Blu-ray) speeds, which means game loading times should be significantly reduced.

On the memory front, the Wii U boasts 1GB of RAM for game access and 1GB of RAM for the console’s operating system for a total of 2GB. Again, the Wii U’s 1GB of accessible game RAM is almost double that of the 360 and Ps3, which both include 512MB of RAM — meaning Nintendo’s new box should be able to easily handle the strain of streaming a video signal to the Wii U GamePad’s display.

Finally, Nintendo will sell the Wii U with two internal storage options: 8GB and 32GB. Gamers looking for more storage can also expand the Wii U using SD cards and external USB drives. Nintendo president Reggie Fils-Aime said that the company didn’t want to profit off declining storage memory prices. Instead, gamers can decide for themselves how much or little storage they need with third-party storage solutions, according to Engadget.

Raymond Wong is a technology reporter with a passion for cutting-edge gadgets and clean design. He first realized his love for technology when he burned through so many AA batteries on the original Game Boy that scraping battery acid off it became the norm.