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RolStoppable said:
It's never good to get your hopes up, but this is another time that Nintendo is coming off a disastrous NPD. Yes, sales were bad all year, but November was marked to be the real turnaround month. In January Nintendo announced games that they had originally planned to keep under wraps for a longer time, following the discouraging news that Wii U sales fell off a cliff after the holidays.

So we might see a couple of new games (or a first trailer for Zelda), but then again, I am not convinced that Nintendo has all that many games in development.

I'd been wondering this. I imagine at this point, whatever Wii U titles Nintendo put into development this year and over the last couple of years will be the last projects for the console. Enough to go into 2016 but not beyond, with the emphasis on wringing as much cash as possible from 3DS.

I'm not sure what will be in the Direct. Part of me expects release dates, and eShop/Virtual Console announcements, something similar to last December's Direct... but then as you say, NPD results for 3DS were disappointing and for Wii U particularly bad: 3D World clearly isn't the one game Nintendo were banking on to change everything. Combine that with their VGX reveal falling completely flat, and you'd think Nintendo need to pull something out of the bag. A trailer of Link charging across Hyrule on horseback would be a good shot in the arm, but they usually leave that until it's too little, too late... E3 2004, anyone?