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I think its great AC was one of the most beautiful and innovative games out there. I'm sure SMG is a perfectly polished game but it simply is "yet another Mario game" (yamg).
Its nice to see that sometimes new IP wins although this may not last.

"it will be FAR more profitable than AC."

I doubt that. In the 5mio copies region development costs are irrelevant and PS3 and 360 games are 25% more expensive than Wii games. Ubisoft has definitely made more money with AC than Nintendo with SMG and this will last for a while. (And AC for PC sales will also be added)