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It would be a huge flop.

Nintendo next gen console should come out atleast 2 years in advance of the others. Not 2 years after PS4 and Xbone.

After 4 years of this gen some gamers will start to itch for better graphics. At that time its still 2 years early for PS5. Nintendo should then come out with a console that will be twice as powerful as PS4 (4TFLOP), 16GB ram. In 3 years an apu with 4TFLOP will be mid end. Launch price of 349, only one SKU. Have the 4DS act as the Gamepad. Make it as developer friendly as possible, you'll see 3rd parties flocking to the system.