Square Enix boss Yoichi Wada isn’t as impressed with the new motion control technology that both Sony and Microsoft are implementing next year. Wada spoke with the Financial Times and discussed how Sony’s motion wands and Project Natal were more extension than revolutions in gaming.

“Present game machines already have a lot of functions: they are a network terminal, a Blu-ray or DVD player, and a gaming machine. Compared to these three pillars, the [new motion] controllers are quite limited, so the impact may be small. They are an extension of the gaming function,” Wada said. But then he remembered how much cash Microsoft is throwing at him for the Final Fantasy series and continued with, “As a user interface it’s fantastic and I think it will become standard,” referring to Project Natal.

Wada also believed that Nintendo will come out with a new console in 2011 that will have “functionality more like that of Microsoft’s Xbox 360 or Sony’s PlayStation 3, and possibly a different controller.” While far from confirmation, Wada’s predictions paint an interesting future where an HD Wii will compete head on with the motion-control enabled PS3 and Xbox 360.