As for a worst time to be a Nintendo home console fan -- that would actually be around 1999-2000 with the N64.
N64 sales had fallen off a cliff. Mario, Zelda, and Goldeneye were there, but really all N64 games were EXTREMELY expensive and there were long droughts of 1st party releases. Playstation had the N64 totally outnumbered with total number of quality releases overall and a softer price point for games. There was more competition coming in the way of Sega, Xbox, and PC as well. Things were really really grim - we had never seen Nintendo reinvent itself before.
Today has many similarities, but this time we know Ninty is capable of really turning things around if they want to badly enough.
I predict NX launches in 2017 - not 2016