I remember before the Wii launched, Iwata said that if the Wii didn't sell considerably better than the GameCube that there was no point in Nintendo continuing to make consoles. They had hoped the GameCube would sell 50 million.
Well, now it looks like 2 of their 3 last consoles are going to sell in the GCN range or about 18-25 million.
I think Nintendo is gonna bail on traditional consoles, micro-consoles are just sooooo Nintendo and they would let Nintendo share the same games on their next handheld and console (just like iPhone and iPad do which is the *exact* example Mr. Iwata said).
I think that's their future.
If they have any interest in a "traditional" console, I think Nintendo honestly needs a full 2 year headstart. 1 year isn't enough for them to get revved up anymore. So if PS4 has a more traditional 5 year cycle, I think Nintendo in that case would need to be ready to go by fall 2016. Which isn't impossible, I just don't think the desire is there.
That said I don't think Nintendo has much interest in this scenario or a PS4 level console in the next five years at all. Unless they are willing to basically give third parties *exactly* the hardware box that they want they will not get third party support either.







