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STRONGLY disagree.

None of those games you listed are in the "same league" as Nintendo's Mario and Zelda franchises.

Name me a 3D platformer which has any "semblance" of the incredible and intricate level designs of the Mario Galaxy games? Name me a kart game which has the "originality" and "fun" of the Mario Kart series? Name me an adventure game which is as "legendary" as the Zelda series?

Answer: None.

Nintendo would be incredibly successful as a 3rd party developer.

However, I don't think it would be in their best interest.

I think they should cease making console games entirely and focus on their handhelds. Pour all of their creativity and first party support there rather than provide third party support.

Think of it like this: if gamers were to get Mario, Zelda and Mario Kart on Sony and Microsoft consoles then why would they want to buy a Nintendo handheld?

There you go.