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The first thing they need to do is another price cut for the Wii U. Period. Unless you really are into Nintendo's games, doesn't make much sense to pay $300 for it when you can get a PS3 bundled with two games for $250, with BluRay capabilities and seven years worth of games to back it up. And this is coming from someone who really likes the Wii U concept, and who will eventually buy one (when it is a lot more affordable and has more games).

After that, they really need to start planning VERY CAREFULLY their strategy for the 9th generation.