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It's a hypothetical future if Nintendo opts to not make more home consoles after Wii U and just work on handhelds, they are certainly not in the same position Sega is in.

Sega would be the equivalent of a 40 year old former prom queen who's got 2 kids and isn't getting alimony from her deadbeat ex, Nintendo's still a Victoria Secret model, just because she broke up with her boyfriend doesn't mean Joe Schmo at the nightclub has a chance ;). She would have movie stars and rich big wigs lining up to wine and dine her. 

If either Sony or MS wanted Nintendo games on their console they would have to offer up *a lot* and probably cede some control to Nintendo in the process.