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Not a bad theory, but I disagree.

Its simply not powerful enough to progress another 4~5 years of gaming.

Nintendo has already demonstrated the capacity to develop essentially the same game or the exact same game on a home console and a lower powered handheld with WiiU/3DS.

However, with advances in networking and in scaling, Nintendo can create a more symbiotic relationship with a nearly identical gaming experience.

Nintendo won't push the edge of power with NX home console, but will with the handheld and they will share the same architecture. This will allow a game that must run native on the handheld to be highly scalable AND/OR they will focus on games similar to SSB where games are extremely similar and buying one gets you the other (digitally).

Its very intriguing one what may become.