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Mr Khan said:
Replacing Wii U early would be the end of Nintendo in the home console market. Nobody really remembers what killed Sega, do they?

 

This.

I think releasing another console so soon might be (besides logistically impossible) catastrophic for Nintendo.

Besides, I think the Wii U only needs to be a bit more affordable to start selling decently. And once the PS3 and X360 are out of the market (by the end of 2015) the Wii U will find itself as the only console on the $200-250 range and become the console of choice for:

a) New gamers, as it is a lot easier for parents to shell out $200-250 in a gift for their kids.

b) All of those people who simply CANNOT go for the high end of the spectrum and have to settle with whatever there is in their price range (it sounds harsh but there are some of us  out there who are still poor you know).

c) The secondary console of choice for all those PS4, X1 and PC gamers who have enough money to spend on a secondary console.

So, to wrap things up, if the Wii U becomes more affordable, I think it has a very good chance of recovery and it might end up selling at least 60-70m lifetime.