With the PS4 and Xbox likely being in the $400-500 range and still possibly selling at a loss, theres no way Nintendo could put out a console like that. Nintendo systems have always been known for being affordable and family friendly. While I doubt Wii U will win this gen, it will still make a profit and have a place in the market with Nintendo fans, families and as a secondary console. It doesnt need to sell like Wii to be a success, 40-50 million sold is reasonable while getting 20-25% marketshare, let MS/Sony fight for the mainstream market of shooters/racing/sports gamers.
When the herd loses its way, the shepard must kill the bull that leads them astray.