A turnaround in the West doesn't start until Iwata starts hiring competent Western managers and gives them authority to do make decisions and even finance software, like Yamauchi did with Lincoln and Arakawa back in the day.
To be honest maybe Occulus Rift VR is the real deal and the next disruptor of the market. In which case maybe they should move forward for 2016 to fast track the first real VR home console.
It may require Nintendo having to let go of their family-console-only motif and selling initially to a more hardcore/tech enthusiast crowd ... but maybe this set up
2015 - Nintendo Tablet, Android OS (customized heavily), affordable ($199.99), can play at home on TV with a seperate home dock. This will be the new Nintendo "family" machine.
2016 - Nintendo VR Console, significantly high powered to be able to drive high resolution VR displays far better than a PS4 or XB1. This is the new "revolution" with a controller specifically made for VR experiences. Designed primarily for Western markets (if Japan wants in, great, but no more tailoring consoles for them).
These could be the new "two pillars" for Nintendo.







