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I think Nintendo is well positioned in Japan.

The Wii U's tablet screen addresses one of the big problems with home consoles -- most Japanese households only have one TV, so once that's being used, most people have opted to use DS/3DS/PSPs instead for their gaming fix.

They also seem to have deals in place for the Monster Hunter and Dragon Quest franchises and the mainline Final Fantasy series should also return to Wii U (multiplat anyway) soon.

The Western markets is where I'm more curious about. I think they'll have a good launch, but I'm a bit more skeptical of their ability to carry that momentum in those markets.

Relative to the Vita though it's not like that matters, it will squash the Vita in the West easily.