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I would ramp up VC to 2 new games a week.
Gamecube games would be on the VC.
VC subscription. 30 bucks a year for every game in the VC playable similar to PS +

Build five new western studios.
Get F-Zero, Starfox, and Metroid into production.
Cut all Mario games besides 3D, 2D, Kart, and Paper Mario.
Revamped 2D Mario with more effort, bigger budget.
Paper Mario only RPG from now on.
Get a unified account system.
Improve online drastically. At least on par with current psn.
Buy Atlus.
Buy Sega.
50 dollar price cut on console. Comes with 250 HD, 1 year of VC subscription, and NSMBU + Nintendoland packaged digitally.
New console colors. Dark Blue, Orange, Red.
Moneyhat a bit. Not excessively, but a bit.
5 new IPs in development by the end of the year.
3DS Redesign.
Take Aonuma off Zelda, and Sakamoto off of Metroid.
New advertising firm, and put more money into it.
Don't mess with smartphones or tablets.