I really think that a March 2011 release date seems very logical especially if Nintendo wants the launch lineup to be big and diverse. I remember the DS launch lineup was very underwhelming.
Reggie Confirms 2011 Release Date for Nintendo 3DS
The president of Nintendo of America slips the news last night during a segment of Late Night Show with Jimmy Fallon.
Last night, during a segment of the Late Night Show with Jimmy Fallon, Reggie Fils-Aime, the president of Nintendo of America, demoed Donkey Kong Country Returns. As a bonus, Reggie also showed Fallon the Nintendo 3DS along with the upcoming title, Kid Icarus: Uprising. Shortly after, he confirmed that the Nintendo 3DS is coming out next year.
Nintendo has previously stated that the 3DS will be released before the end of the current fiscal year which ends in March 2011.
A video of the segment can be viewed below:
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