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Panama said:
It's a price issue really. While i'm no advocate for cutting edge console graphics, when you're launching the Wii U even at a low $299 (purely hypothetical, could be less or more), why should you purchase it if its weaker than your soon to be cheaper alternatives in the 360 and PS3 that have been out for 6 years and have enormous game libraries at this point?

You have a very valid point here.  I already have a Xbox 360 and if the Wii U is just on par or less than that then what's the use of buying one, other than for Nintendo first party games that will be in HD?  However, I really don't think the Wii U will be less powerful than the PS360.  We'll definitely fine out at E3 .