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Acknowledging there's a serious problem is the first step in rectifying it.

At least there's accountability, but that doesn't change the fact that the company is not in the best position due to sweeping the lack of success of the Wii U under the rug for the past year.

Sure, Nintendo fans will point out the 180 they pulled with the 3DS, but that happened only AFTER they cut $80 off the price, which was a direct move to offset the effect of the PSV entering the market at the same price. I don't think anyone's kidding themselves into thinking the Wii U can see the same turnaround in light of the success of the PS4 and XB1 launches. Not if they're being realistic.

(NTDOY share holder. Comments regarding the financial performance of Nintendo are based upon results; I have zero emotional attachment to the company and its products in this regard so I will never make excuses for the company as long as they cost me money.)