You can do this with anything with varying degrees of success.

Done, now someone make a better one because I have literally zero talent and am exceptionally lazy.

Ah thanks for explaining makes sense now! The only phrase I could think of was "There's nothing like it" or "There's nothing quite like it" so I thought Nintendo were really reaching, but it makes sense now!

Sure, we can be jerks and take things out of context for the lulz, but

who am I kidding lol. For a company that's known for great quality control in the games dept, I'm shocked how they let this pass in their marketing. I expect a revision...

It's really not that bad a slogan, but people will make fun of pretty much anything if they can. Especially when it comes to Nintendo recently.

It's not exceptionally terrible, guys. It's not Nintendo's best but it's nothing compared to some of the Gen 7 marketing campaigns all around. If they slap the Nintendo logo nearby it'll do what it's meant to: Draw in old fans with the "no place like home" sort of line so that the NX has some wider appeal ahead of its reveal.

I chuckled.

Sheeet.  I'm an objective Nintendo fan and I cringed the second I saw the slogan.  It's going to be a meme right away.  I'll give you some right away

"there's no games on it"
"there's no NX owners"
"there's no-thing to play"
"there's no-thing worth owning here"
"there's no one that cares"
"there's no 3rd party support"
"there's no (insert highly antipated 3rd party game)"
"there's no-where to go but down"

What were they thinking?  It makes me worried that they learned nothing from the Wii U's (and to a lesser extent, the 3DS's) failure.

OK, let me draw a comparison, the PS3 had a similar negative sort of slogan that you could take and tack anything onto the end of. It was: "It Only Does Everything" There are a million things that you could plug in after "It Only" and the PS3 was a failure when it first came out, so I am sure that there WERE a million things tacked onto the end of it. The PS3 went on to be one of the most successful home consoles ever. Even the original XBox with the slogan "Life is Short. Play more." could have had tons of jokes made from their slogan. It's not the way that the slogan is worded, it is the way that people decide (mostly gamers and media, who literally pick apart EVERYTHING) to take it out of context for an attack. This happens with every console, every iteration, every product out there that has popularity. It's called "Flame Wars" and it happens with every competing popular product because they have brand loyalty.

I don't think the slogan is bad, I think that the slogan is fine. I think that people's choice of depiction of the slogan is bad. However there have been worse things that Nintendo has recovered from (the best-selling system of it's generation was named the "Wii" for God's sake), especially considering I think this is largely an intentional out-of-context attack.

That most people would read the whole of the slogan as opposed to just a portion.

The over-exaggeration here is insane. But I guess I shouldn't expect any better.

The slogan is an obvious play on "There's no place like it." Incredible that people are this oblivious. Is it the greatest slogan ever? Nope. Is it the trash that select individuals are making it out to be? Absolutely not. It's fine.