Yes I think they will and should be if they just spend a bit more. Its really quite simple. Make the Gamecube/N64 again, this time launch it ahead of the competition not after, image/marketing wise look more towards the N64 for inspiration.
The industry is completely different now then it was back in 2000, the gamecube (and Xbox) underperformed because developers gave PS2 the crown before it was even out. Its 2015, no one hands out exclusives like candy. Back then each system was hugely different, multiplatforms games were reserved for movie/licensed tie ins and picking a platform and delivering to it soley was the norm.
-Arrive early but not too early (2017/18)
-Use the new industry standard x86
-Have next gen specs (At least 4x PS4)
-Have third party games using those next gen specs at launch to offer superior games over (X1, PS4). This will easily entice the core market if Nintendo is hitting 1080p, 60fps and superior graphics settings whilst PS4 versions are running piss poor or with big graphical sacrifices.
-Hit a safe price point but don't be afraid to hit 399
-Have a strong showing of their own software to get the Nintendo fans on board early (Metroid+Mario 3D+New IP) and secure strong launch sales to impress third parties.
Thrres literally no gameble in this. No crazy loss at launch, no gimmick to try and sell. Just a solid system for all types of games.
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