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Nope.

They needed the year start as this holiday will be hard pressed for game buyer's as it is with two new consoles coming out. If Wii U delayed it would probably have fared worse. This way some bought it and will buy one of the other consoles this holiday as well to complement each other.

Now, Nintendo will have a year on market... be more than 2x the userbase of either its competitors (by the end of the holiday season), have far larger library, worked its launch kinks out, and potentially be ready for its first price cut or at least massive bundling options.

Nintendo made the smart choice by launching when it did, even with the software woes and OS limitations.