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I think the extent of how underpowered the Wii U is tends to get blown out of proportion by the gaming media which loves to jump the gun and criticise Nintendo. Just look at games like X for instance, that not only holds its own with many modern games, but in many ways surpasses it, and that was only an early demo. Games like Pikmin 3 also have very detailed and crisp looking environments, better than most that I have seen on PS360.

But with that said, if Wii U truly isn't underpowered as he claims, he should have done a better job of bringing that message accross in the first place. All I hear Iwata do nowadays is apologize and essentailly damage control everything.