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Slimebeast said:
This is what I think is going on. It's a trade between Epic and MS/Sony that hurts the Wii U.

Epic is apparently still negotiating with MS and Sony about the power of next gen consoles (as evident from this link http://www.videogamer.com/xbox360/gears_of_war_judgement/news/epic_happy_to_wait_for_massive_leap_in_next-gen_console_performance.html ). It's in Epic's interest to have the X720 and PS4 as powerful as possible (I don't remember the exact reason businesswise but I have seen a good argument for it here at VGC).

Now Epic tells Sony and MS that they can sacrifice the Wii U by not putting Unreal Engine 4 on it, at least not for the time being, and in return Sony and MS will listen to Epic's wishes about next gen hardware specs (probably nothing major, but still tweaking of specs which favors Epic).

Interesting news, Epic must be too busy working with Sony and MS, making them show hardwares that can please Epic's will for the next gen(not only Epic, studios like Crytek and Dice are talking to Sony-MS too). So it explains why Epic isn't worried about taking UE4 to WiiU now,  Epic just gave support to UE3 on WiiU instead.