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Gamecube failed for 3 reasons...

1)Late comming into last generation and was also going up against the xbox(very close release dates)

2)Wether you like it or not Nintendo is seen as a Kiddy System mainly because of it's first party titles which appeal alot to kids...such as Mario...Zelda...even though I like these titles personally....and this generation Nintendo is making it worse with The Nintendo Wii...the name sounds Kiddy and the games releasing for it are even more kiddish...not to mention the Purple color of the Gamecube...

3)Lack of DVD...The DvD format really took of last generation and with the console lacking it...it gave people just another reason not to buy it...