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Looking at some of the monster sales the PS4 is putting up and it looks like X1 even at $500 is going to sell through some massive numbers it seems clear that mood of the gaming audience was this -- 

"We are sick of the 360/PS3 generation going on for so long and want to upgrade. Casual gaming and novetly controllers are not what we want. And definitely not another 360/PS3 type console."

Basically in a nutshell. 

One wonders if Nintendo simply made an honest to goodness "regular" next-gen console with a 2012-era GPU that wasn't gimped by a 33 watt electrical output limit that they easily could've probably cruised to a 10 million unit head start this generation. 

I mean it's not like either the PS4 or XB1 have spectacular software driving their sales, I think it's simply pent up demand from people waiting so long for true next-gen consoles (and sorry, Wii U is not what the audience was asking for).