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pokoko said:
It worked awesome for the Xbox 360. It was a damn good plan to scrap the original Xbox and get a jump on the competition.

It could have worked for the Wii U. The responsibility for that failure goes on Nintendo. They released the Wii U but forgot to release any games that could have built up an installed base while there was no competition. Imagine if they'd had a Mario Kart ready to go in the first year.

No, it definitely can work, it just doesn't work automatically without any efforts from the manufacturer.

Nintendo could've also came up with a better system in the first place, but that's a different story.