Edited by former PlayStationWorld editor Lee Nutter, the magazine aims to whet readers' appetites for Nintendo's forthcoming console, codenamed Revolution, due later this year.
It is supported by a website featuring news feeds from gamesradar.com and discussion forums.
The purchase of the licence, which Emap used to own, coupled with the closure of Highbury's Nintendo title Cube, has enabled Future to own the Nintendo magazine market.
Readership of titles dedicated to the console have dwindled in recent years. In August's ABCs, Emap's Nintendo Official Magazine, which Future's title effectively replaces, was down 18.1% to 37,760 and Future's own NGC was the fastest-falling consumer magazine, down 42.6% to 13,670.
Future publisher James Binns said: "With our stable of titles, we can market it directly to games players rather than just lifestyle magazine readers."
NGC will be relaunched in the second half of 2006, ahead of the Revolution's launch, when other publishers are expected to launch rival titles.
Future is printing 58,000 copies of the first issue, which goes on sale on 16 February priced £3.99.