Nintendo doesn't compete with the PS and XB on traditional terms, never have and never will. Nintendo have a market that is all to them, which they rarely ever share with the other two. The most they've shared is during the PSX and PS2 years when the mainstream went Sony due to Nintendo's own fuckups, and then this gen with Kinect and the Move showing true competition to Nintendo, but even then. Nintendo knows how to make games for their market and that will never change.
There is nothing in the U that makes it a me-too console. It looks to be a Wii+ experience, from Nintendo's point of view they are going after the Wii market and the 3DS market, from the perspective of 3rd parties it's a whole mixed bag.
If the 3DS is an indicator of anything, it's that the new direction (breadth and depth) is a winning formula. So sorry for the haters. The software that Nintendo is pumping for the U is very similar to that of the 3DS: games that are reasonable in dev time, put enjoyment first and don't take themselves too seriously. This is also the 3DS' advantage. 3rd party exclusives for the 3DS also are part of the sharpness of its sword. Once Nintendo proves the U it will see the same favor from the likes of Atlus and Capcom.
So it bodes well for the U. The only way this wouldn't work is if 3rd party devs treat the U as something it is not: e.g. a hardcore console. The U is there for Nintendo exclusives which put enjoyment first. 3rd parties had best follow suit.
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