Honestly, he's being too harsh, but there is some truth in what he's saying. Under current management, Nintendo has been very slow to adapt. Sometimes I get the feeling they still have that Nintendo arrogance of old, that "we're Nintendo, we make the rules" philosophy. We saw it at the 3DS launch, for certain. It's like they think they can still define and shape the market however they want, and perhaps the Wii's success played into that, but things have changed. They seem to be trying harder with the Wii U but I still get the impression that they're awfully rigid in some ways.
And if they think they can "collect royalties from third-parties for the privilege of putting their software on the console,” then they're seriously mistaken. It doesn't work like that any longer, not with two competitors going full speed ahead.
