Alex referenced something like this in his E3 Live Stream article, but I didn't see a thread started yet on here so here we are! I already whipped two up, they're both based around people's heads, I think they're both entirely appropriate. Here's one of the two:

We need more of these.

You're fighting the good fight, sir.

@texaseanacre: Got a handy dandy non-shooped image template for us to vandalise?

too far?

Damn, I was so sure the first picture in this thread would be a picture of Iwata holding a bomb.

Mortal Kombat on WII 

Anybody wanna provide a basic template?

You don't want to know...

@Psycosis said:

....and that's when we found out Iwata was a Xenomorph

@Pop said:

Mortal Kombat on WII

You beat me to it- jerk.

Remember Cammie AKA Smiles? Well she's not smiling anymore.

@evildeadron:

Hahahahaha

MORE

Thank you thread.

@buzz_clik: I created a template PSD, you can download it here - http://www.opticaloverload.com/images/iwata-holding-things.psd

@selbie: Freaking awesome!! I guess he has an itch to scratch?

@Pop: YES!!

Here's another one I just whipped up:

@Psycosis: That is some Uzumaki shit right there.

@texaseanacre: Cheers, mate. Yer a gem.

@Vegsen: How this for a bomb?

@buzz_clik: Ha ha ha, we were along the same line of thinking! Your's looks way better though.

@evildeadron: I'm still not sure if it's coming out on the PC, PS3, and Xbox 360, so no, I don't know if we can believe it.

@SBYM:

i can not unsee this

@SBYM: Brilliant!! I love your caption too, "Comedii," ha ha ha!

@aurahack: Don't lick it!

For anybody who wants a quick template to work from. 
http://i53.tinypic.com/awar6a.gif

@rudeboy217 said:

@Psycosis: That is some Uzumaki shit right there.

Hahaha, they only have to add a spiral tongue and it would be perfect.

@evildeadron said:

too far?

Not far enough! >:P

I had some brilliant idea that Iwata should be holding something Coffee related.  What's better than a Nintendo Zojirushi Thermo.
 

@Marz:

This thread is full of win.

@The_Grindilow said:

This thread is full of win.

EPIC FER THE WIN NYEAHHHHHHHHHH

@captain_clayman said:

@The_Grindilow said:

This thread is full of win.

EPIC FER THE WIN NYEAHHHHHHHHHH

This is the only correct response.

@Marz said:

I had some brilliant idea that Iwata should be holding something Coffee related. What's better than a Nintendo Zojirushi Thermo.

Isn't there a rumor going around that the code name for the new console is Project Cafe?

I think we stumbled upon something big here.

@Kindrik said:

@captain_clayman said:

@The_Grindilow said:

This thread is full of win.

EPIC FER THE WIN NYEAHHHHHHHHHH

This is the only correct response.

@wolf_blitzer85 said:

@Marz said:

I had some brilliant idea that Iwata should be holding something Coffee related. What's better than a Nintendo Zojirushi Thermo.

Isn't there a rumor going around that the code name for the new console is Project Cafe?

I think we stumbled upon something big here.

Holy shit you cracked the code. Now we just have to steal the Declaration of Independence and pour coffee on it.

Burritos for everyone

Mortal Kombat on WII 

@Marz said:

I had some brilliant idea that Iwata should be holding something Coffee related. What's better than a Nintendo Zojirushi Thermo.

Isn't there a rumor going around that the code name for the new console is Project Cafe?

I think we stumbled upon something big here.

@Vito_Raliffe: That absolutely is the only response!

@THAfara0: I've never seen a burito I didn't like.

If I had any remotely decent photo editing software on my laptop I would have posted a DNF crossover/turd holding picture by now.

It's a horrible editing but im too lazy to work more than two min on this.