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They need to acquire more studios and take more risks with new IPs. The Wonderful 101 was a start but they need more, much more. A part of what also made the Genesis successful was the marketing campaign and the overall design of the console. It was all in your face and Sega constantly took pot shots at the competition and had some pretty bad ass ads.

The only issue of course is it might betray Nintendo's image by suddenly going Genesis on everyone. It's an all or nothing risk but that's what made the Genesis successful.