Tech wise (and that's what you asked) I think it's in limbo between current-gen HD twins and NexTwins (probably little bit more toward current-gen). Will it be Dreamcast 2? I don't think so, Nintendo has more than enough 1st party titles to make it successful, and I'm sure there will be decent 3rd party multiplatform support for at least first 1-2 years.
Once NexTwins hit the market, we'll see by how much they are more powerful than PS360, and if they turn out to be 8-10 times as powerful, I can see developers completely dropping support for PS360, so usual process of making WiiU port might get a lot more complicated for them.
That off course does not mean it will be completely impossible, just whether or not they'll be willing to do it, and that I think depends mostly of how well multiplats will be accepted from WiiU install base in those first 1-2 years.
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