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It's not that Vita or Wii U are terrible products by any stretch of the imagination.

Design and hardware wise the Vita is hands down probably the best handheld ever made. It's so comfy to use too and the screen is spectacular. 

As far as consoles go, the Wii U is considerably more ambitious than the walled-in Wii and definitely the most feature robust Nintendo game system ever.

And despite what boo birds will say, there actually is a fair number of perfectly good games on both platforms.

The market just isn't there anymore.

It would be funny if Nintendo/Sony cut a deal, Nintendo absords their handheld division and could upsize the Vita tech for their 3DS successor, Sony agrees to support the platform, Nintendo agrees to support the PS4 as their go to console if they get a large cash pay out and joint design input on future consoles.

I'd be down for that.