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  1. Graphics that are not horrendously outdated the moment the console hits the shelf (unlike the Wii)
  2. Adequate game library and 3rd party support
  3. New core Nintendo IPs and franchises, instead of the same old boring ones that Nintendo has been rehashing for the last 15 years
  4. Robust, feature-rich and easy to use online system 

Give me these 4 things and I might consider picking up a Ninteno system again after all these years (the last one being my beloved SNES), but since Nintendo is stubborn as a mule, I don't see this happening.