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Theres nothing wrong with Iwata, except greed when it comes to digital goods pricing.

The Wii U made complete sense in paper, it still does. Theres a tablet craze, so why not dive into it and include a small one with your console to make new things? It just ended up having the wrong implementation.
The 3DS is a sucess so theres nothing to say there except, again, initial greed.

I do see one more problem, wich is questionable if its a problem or on purpose. Nintendo didnt bow down to the western developers whims. This ended up with poor western 3rd party support on the system. On the other hand, it prevents them from having even more influence over the manufacturers.
The question is, even if they had, would it have made a difference? 3rd parties never find their footing on Nintendo consoles cause the 1st party software has such high quality. People buy Nintendo consoles for Nintendo games.