I'd like to present to you a hypothetical timeline. As you know, in the year 1995, Gunpei Yokoi, father of the Nintendo Gameboy and the man who practically invented handheld gaming (for all intents and purposes), created one last project for Nintendo, meant to be his farewell gift, his swan song before he left the company to pursue new interests: The Virtual Boy, the world's first 3D handheld gaming device. This timeline assumes that Nintendo, instead of rushing the Virtual Boy into the market, decided to test the device, perfecting it until it was ready for release.
From http://www.gameex.info/forums/topic/12241-logos-artwork-random-stuff/page-4