Would RARE still be as relevant as it was in the N64 days if MS hadn´t bought them?

[Soundwave]

If they were with Nintendo, I think they'd still be a very high quality studio. Almost every team working under Nintendo releases good quality games (Xenoblade, Punch-Out, Pilotwings, Excitebike/bots, Mario & Luigi, The Last Story, are all at least decent IMO). 

I would take a Perfect Dark or Conker on the Wii U anyday, Banjo-Kazooie would be great on the 3DS, Killer Instinct and GoldenEye on the Virtual Console please.