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If Nintendo can manages to releas only GREAT Nintendo games, whether franchises or new IPs like Wonderful 101, without milking or repeating bland releases until it looses it's point like they did with Toad BS Adventure and New Super Mario Bros U...

...then yes they can survive solely based on Nintendo franchises, because real video game players, even those who hate the Wii U like I do and like any real Nintendo connoisseur does, you'll have to have Wii U eventually to play Super Mario Universe, F-Zero 128, Zelda U, Wonderful 101, Mario Kart 8, Super Smash U, Starfox Adventure 2, Metroid Omega, Donkey Kong Adventure etc...