At least Nintendo always give us a different perspective.
My thoughts about it:
1- It has nothing to do with Hardware inability, they really believe that.
2- They should understand that entertainment works differently for each person. Some like action movies others like terror. If you are the theater, you shouldn't ignore any genre. I have little interest in Call of Duty/Watch Dogs/Destiny, but that thing sells consoles, pays you royalties (that allows you to create more Nintendo Goodness) and increase your user base. .
3- On the other hand they may fear that people are watching instead of playing. I do know friends who watched both TLoU and/or GTAV full story modes in youtube and considered that was enought for them. I do believe they shouldn't fear this, since Nintendo games are way more gameplay based than story based.
Personally, i couldn't care less about twitch streams, but MKTV impressed some friends and one of them bought a Wii U soon after that. There is power on this kind of thing (they know that, since MKTV is their doing) and they need to learn how to use it.
