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Albion said:

Its not like any of us have the money to do that.   

But How much would a DevKit cost to buy?   The point im trying to make is, if a bunch  just decided to do it. Whats really stoping them?

I think it was around $1700 a few years back.  Not sure if they dropped the price.  I know sony did, but their sdk's used to cost around $20,000.

And anyways, you need to be licensed by Nintendo to release a game on their platforms, and considering Reggie's recent comments I don't think they'd be interested.

If you actually want to develop games try making something for PC.  It will cost you much less, you won't have any other companies interfering, and if you release it on your own like Minecraft you won't have anyone else taking a cut.  Of course the chances of success are incredibly slim, but that's what happens when you have no experience and no money.