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Let's take a look at some of the better selling titles available for the Gamecube after one year on the market:

 

Super Smash Bros. Melee GC 2001 Fighting Nintendo
Super Mario Sunshine GC 2002 Platform Nintendo
The Legend of Zelda: The Wind Waker GC 2002 Action Nintendo
Luigi's Mansion GC 2001 Action Nintendo
Animal Crossing GC 2001 Simulation Nintendo
Metroid Prime GC 2002 Shooter Nintendo
Sonic Adventure 2 Battle GC 2001 Platform Sega
Mario Party 4 GC 2002 Misc Nintendo

The only series on this list that has had a true successor on the Wii U is Sonic Adventure and maybe Super Mario Sunshine (if you count 3D World as a successor).

Point being there is tons of potential growth from software alone. The Wii U lagging behind should not be unexpected.

 

To answer the topic: Considering this and how much Mario Kart has grown since the GC era, I'd say yes.