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Wagram said:

Source: http://kotaku.com/5961662/dont-losebreak-your-wii-u-because-your-nintendo-network-account-is-tied-to-it

That really sucks. What happens if the system bricks and you need to buy another one? You're essentially screwed.

You are screwed if you bought lots of downloadable games, because you will never get them back. XD