Stephen Totilo from MTV Multiplayer writes:
"I thought there was going to be a Nintendo 64 in the new Xbox 360 "Banjo-Kazooie" sequel, "Banjo-Kazooie: Nuts & Bolts." In the level called Banjoland, which pays homage to the two Nintendo 64 "Banjo" games, there used to be an N64. I'm sure of it.
I saw it with my own eyes at E3.
I haven't had a chance to ask Microsoft if the device was taken out. But it's not on the middle crate in the picture above, where I remember seeing it at E3."