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Squilliam said:

He didn't say it'd fail, he said it'd fail to sell more than the Wii. In respect to both the Wii and DS and their 3DS and Wii 2 counter-parts it isn't too unsafe to say that they may sell less than their previous incarnations. The Wii is selling more than 100M consoles LTD, and the DS will sell well over 160M.

Since we know that the 3DS is essentially a DS2 plus 3D and is coming into more handheld competition than the DS ever faced from the likes of Apple and it doesn't seem to hold any revolutionary new values to the same extent the DS had over the GBA and whilst the Wii 2 is still unknown at this point the majority of what made Wii new and innovative has now been incorporated into competing consoles.

I think the majority of disagreement with Mr. Pachter will come as a result of the idea that it's not hardware features the make a platform unique or successful, it's games.