I can only speak for me obviously, but I'd like to think my situation isn't that uncommon. I've only ever had one console per generation, not because I'm a fanboy but just because consoles cost money, I don't have a lot and the money I have for gaming I'd rather spend on games than console hardware. Because of that, I buy a console with the most number of games that I like, even if I have to miss out on games that look awesome but are on other consoles.
So long as Nintendo has such poor third party support, I can never see myself buying a Nintendo console because though in my view Nintendo has the best first party games, the majority of games that I like are made by third party studios. I would love to play MK8 and Smash, but can't justify $380 for a Wii U (in Oz) if it meant I missed out on the plethora of other third party games that I like. BUT, if a Wii U had those games and the majority of the standard third party games that I enjoy, even if they were lesser in graphics, I would probably buy a Nintendo console ahead of the others.
Your point about the XB1 misses the mark because (IMO) MS doesn't have the awesome first party games that Nintendo can rely on, so it relies on third party nearly exclusively. A Nintendo console with good third party support wouldn't suffer the same fate.
Yeah, Nintendo might hurt financially chasing those third party studio's in the short term, but it would have paid off if they'd done it in the lead up to the Wii U. Its too late to do with the Wii U now, as games started now won't come out until the end of the Wii U's life. Nintendo can keep tracking along their slow slide into irrelevancy while it still generates small profits, but eventually if the trend continues it won't be enough to keep them afloat.
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