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Some things I would suggest (not necessarily all of them at once but suggestions):

- Accept the Wii U is a dud and try to salvage the situation as much as possible. Drop the tablet, rework the OS to make it more Wiimote friendly, make the WM+ and a Pro Controller shell the defacto controllers. Drop the price to $199.99 US in the spring with NSMBU + Wii Sports Club bundled around the time MK8 launches. Increase the VC dramatically, reposition the Wii U as "Wii 2". Focus on indie game development and offering Nintendo's full back back catalog.

- Push forward on a new Nintendo tablet with a heavily customized version of Android that only accesses the Nintendo eShop (from where you can sell apps and games on your own like Amazon does with Kindle). Allow it to play a selection of Wii U ports (540 resolution), 3DS upports (HD res), Nintendo back catalog games (Wii/VC titles), and some Android games that you deem acceptable (Candy Crush, Angry Birds, etc.). Tablet should have physical controls and be sold at cost. System should be ready to go for mid-2015 giving Nintendo a quick infusion of new revenue.

- Consider an alliance with Sony. Lay down your terms for a very favorable deal. They should assist Nintendo in portables and Nintendo should be the lead in that area, Nintendo also retains the right to make some hardware of their own console wise, a custom version of the PS4 that also plays Wii U/Wii games for example, along with other perks and cash kickbacks from Sony. If they say no, say you are going to talk to Microsoft. My guess is they cave and give you more or less anything you want as long as the deal is profitable for them too (which is would be, better to get on Nintendo's portable gravy train than watch the Vita fizzle into nothing, and Nintendo exclusives would pretty much seal the US market for Sony over MS all other things being equal).