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The fact is Nintendo's consoles have been declining for several generations now. From NES to SNES to N64 to GCN.

The Wii just bucked the trend with the novelty of motion gaming for a few years.

Wii U could simply just be Nintendo returning to the mean of what they were before.

Fact is, the majority of console buyers don't want a console of just Mario/Zelda/Mario Kart/Smash and some supplementary titles here and there. 

They want all the major third party games, the above formula simply doesn't work unless it's tied to a miracle gimmick to sell the console.