It is unfortunate that I don't really remember much about the public reception of the launch of systems before the N64 (wasn't nearly as much speculation back them), but from the systems I do remember the lead-up to their launch the most successful system has always had a significant number of vocal critics who proclaim that the system is doomed long before it launches. I think most people remember the doomsayers of the Wii and Nintendo DS who were certain that they were going to flop; but even the PS2 had many critics who believed that because Sega and Nintendo were doing everying right and the Microsoft was introducing the XBox and the PS2 was going to struggle in a more competitive market. A large portion of the reason so many people predict so poorly is they fail to see or understand certain trends that will dominate that generation of consoles.
One trend that has been (more or less) completely ignored by many people is the movement towards more and more "interactive entertainment" that really began with several games released on the Nintendo DS. It is (in my opinion) very likely that how well suited your system is to teach people to draw, speak another language, or excercise in their living room will be as important to the success of your console as how well suited it is to the latest and greatest videogames.
Or, to put it another way, it is entirely possible that the market could move in one direction because of the Wii U which could easily make it remarkably popular regardless of what the doomsayers say.
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