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Are we talking about the Fusion strategy where both devices share the same library? That's what i have in mind to give my opinion.

Cons: less HW sold in the Nintendo fanbase.

Pros: Better, more diverse library helps it sell to the MS and Sony crowd.

Other Pros would include financial gains on game development budgets and no more marketing sacrífices (Wii U was sacrificed in favor of 3DS in 2013), amongst others.