Could This Be The Revolution Media?

I got this image from one of the 4cr readers. Could this be the media format the revolution support? Or maybe just another hoax?

We have been talking about it on irc, here are some interesting quotes:

[roadies] the double O on the Nintendo RS logo is actually part of the DS trademark. The RS may be part of the DS devkit
[roadies] it could even be HD content for display at E3

Another one for the rumor bin, that we will be able to confirm or deny at E3.

Submitter: JamesMontagna