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nintendo have never released a machine before they are ready to, this has been a problem in the past since they were still in the same market as their competitors. Things are very different now though.

I dont think sony were ready to release the PS3 just yet but they were forced into an early release by the fear of the 360 gaining too much market. That may explain the messy hardware and marketing.
I think if sony had their way the PS3 would be just hitting the market, with the PS2 having a really big christmas, gotta be better than this mess surely.

In some ways nintendo needed to replace the GC sooner than MS and the Xbox, but they didnt, they took their time and released it when they wanted to, this time its worked well anyway but in a market of a PS4 and a xbox3 with motion controls and so on, im not sure they would have it so easy a second time.