Its probably down to a combination of reasons. Regardless I think the main reason is Nintendo napalmed their user base with the Wii.
They did a great job selling the Wii to casual gamers, yet the problem is casual gamers are not the vanguard of next generation console consumers.
Theres probably loads of other reasons, but personally I might pick up the console eventually, it does look really good. They just haven't accrued a strong enough fan base.








