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Nintendo is and will be relevant. But I don't agree with the general opinion. Nintendo must focus on doing their own thing. I don't see how focus on bringing back third party support would help Nintendo next console sales. Nowadays, they can't compete with Sony or Microsoft on their own market. It's too late for that.

Cheap hardware, high-quality Nintendo games, lending their IPs to other developers in order to bring new gaming experiences (Hyrule Warriors, SMTxFE...), more marketing, another innovative concept like the WiiMote, new innovative IPs and puntual agreements with other developers in some exclusives. I think that's the recipe to Nintendo sucess. But, obviously, I'm not an analist so I might be flagrantly wrong... :(

PS. Obviously, if Nintendo can bring a lot of third party support is not a bad thing per se. But, it must not be their main focus, that's what I'm trying to say.