No, it's much more recent technology, but NIntendo only had $150 to work with (Gamepad is the rest). Even the die-shrunk Xbox 360 is still $200, so it's not surprising that Nintendo ended up with 360-like performance for a 360-like price.
Nintendo also prioritises low power consumption, size and heat, which are tradeoffs with performance compared to the current gen as well. Wii U will consume much less at load than a 360.
If the CONSOLE (minus Gamepad) was allowed to be $300-400 and consume power like a launch PS3 did, we'd see what we'll get with a PS4 or 720.







