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Sell Wii U's? Probably. Sell enough of them to make a big difference? I doubt it, Nintendo and many of their biggest fans, are letting way too much ride on one title alone to carry all momentum until Smash and holidays (let's face it; titles like X and Bayonetta 2 won't do much at all on a global scale). Advertising MK is, of course, going to help but don't expect a genie in a lamp out of it, is all I'm saying.
I've seen users claiming MK will give the Wii U a hardware boost of anything from 500k to 1 million in a mere month and there are some who think it will help the Wii U sell 200-300k in a single week of late spring/early summer.

MK will do terrific numbers lifetime and will bolster the software library more than any previously released titles since the franchise is so big, but we still need to keep it realistic, and a lot of people simply aren't.