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Anyone not taking this guy seriously, citing the failure of Atari, is not old enough to remember what actually happened.

Bushnell was forced out of Atari in 1978 over differences of opinion as to future direction. It continued to grow for the next three or four years but his fears proved correct and it crashed and burned.

This guy knows the business and, while I don't know whether his views on the WiiU are right or not, I certainly do not dismiss his opinions lightly.