I think the main issue here that some people would have is just how much of the cut Nintendo is asking for, I watched a video on Tb explaining how Nintendo's cut and other party cut ranges involved affect the LP'r in general, I find the other parties involved are asking for a lot anyway and then there's Nintendo included, that's not to say they shouldn't demand what they want, it;s just that the other parties involved have clearly done the same, combine them all and the LP'r has next to no money made which in turn means less LP'ing and the free publicity (and money generated for Nintendo/other parties) crawls slowly to nothing.
I find the past few years that Lp's have some actual consumer swaying power, take a look at what happened to TB, Jim sterling and even Angry joe when bad devs or companies take a stab at them, they let the public know, the public gets angry and the devs/corps take notice, they have almost no choice but to either goad us to the edge and see what happens then or break down and follow suit (which they should since no customers=no business, they exist because we allow them to with our money).
I think what Ninty is doing is right, Sony and MS should be doing this but really they shouldn't ask for an up front 40-50%, not unless the other parties involved turn down their required cut, if all parties trim down their required cut it could make everyone happy in a way that would allow LP'rs to make money and still buy the products and the product owners to generate money from LP'rs as well as free good publicity and more sales generated from LPr's, the other parties involved can still take their cut with more content without asking for more % and everyone wins.
But instead we're facing most parties asking for more and Nintendo as well, it;s going to create a rift with the LP community and their fans in general if Nintendo and the others involved don't sort out their cut percentage, if you ask for much more and leave LP'rs with next to nothing you effectively kill the reason to LP, they live on LP money and if you kill that reason you also kill your free publicity, extra money that could be made and good will/credit along with it all and since this is the internet it will most certainly linger for years to come which will hamper future endeavours.
Step right up come on in, feel the buzz in your veins, I'm like an chemical electrical right into your brain and I'm the one who killed the Radio, soon you'll all see
So pay up motherfuckers you belong to "V"