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I think his argument is a bit of a stretch. The DS wasn't what you would call a "third pillar". Yes - it was an unconventional handheld - but it was intended to be the GBA's true successor and Nintendo largely moved their support to it from the GBA. A "third pillar" is a third product; something that is unique to and stands apart from a console and a handheld. The QoL product Nintendo mentioned is exactly that.

I'm not sure where Tom McShea got the idea that QoL would be the Wii U's successor, or even a video game device at all. Nintendo was kind of cryptic in their investor meeting, but I thought it would be pretty clear that QoL would exist alongside future consoles and handhelds and that they would continue to make consoles.