No, it will not outsell the PS4. But I think it doesn't need to. Considering their audience and all of their plans, an userbase around 60m would be enough for the NX to turn a big profit. The fantastic attach rates of Nintendo games, their mobile plans, amiibo sales... those could keep profits high and costs relatively low, and for a company like Nintendo, that would be the perfect situation.
You know it deserves the GOTY.