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Miyamoto's going to retire in a few years anyway, if not sooner sadly enough... He already announced that Mario 3d World is gonna be basically his last Mario game and I am sure hes planning a retirement shortly after

But overall, I don't really think so... I don't see why they can't sell you both their old IPs and make some new ones... Also Nintendo have done a few bad things but there are plenty of great things they still have even with their games, for example, the Art Direction usually cannot be matched by any other companies and all of their games have close to zero bugs when they get released...

http://www.nintendolife.com/news/2013/11/shigeru_miyamoto_plans_to_step_away_from_working_directly_on_future_mario_titles



                  

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