I think he's crying about the general decline of Nintendo or the thought of them turning into Sega. It's too easy to mock him, he seems like a pretty nice guy actually, but he needs to relax a little, lol.
Even if this is the end of the traditional Nintendo in a lot of ways, I think we need to realize what an amazing run it has been -- think of how much the world has changed from 1983/84/85/86/87 ... it's a different world. And they will still be relevant in some fashion even if worse comes to worse.