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Well I suppose there's 2 ways you can look at this:

Given that Nintendo made billions, upon BILLIONS last gen, the ball was firmly in their court to deliver the system with the most nuance this generation, seamlessly without the ifs and buts that bottlenecked the N64 and Gamecube.

On the other hand, there was the prospect of getting a year headstart on this generation without any understanding of the expected benchmarks, yet Nintendo themselves have done... nothing... with it, and by giving the original Wii the original Xbox treatment besides Skyward Sword and Mario Party 9, they've left themselves with nothing favorable to work with at all in the home console market.

So yes, it has, and Nintendo have brought this on themselves, but I can't say I'm shocked. However, if SM3DW is the stem of what's to come, then I can't see myself not getting one at all this gen.