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curl-6 said:

Wii U can and does stream from hard drive to alleviate loading and streaming issues in Xenoblade Chronicles X.

Also, you're overlooking PS3 and 360's problems that Wii U does not suffer from; the much smaller RAM and more outdated GPUs of both, the much smaller eDRAM in 360, the split memory pool in PS3.

But let's hear what a developer has to say...

http://www.nowgamer.com/wii-u-is-a-truly-powerful-console-more-powerful-than-360-and-ps3-trine-2-dev/

"The console is definitely more powerful than the Xbox 360 and PS3.” - Julius Fondem, Frozenbyte.

I also remember Namco Bandai saying the CPU of Wii U is weaker than both PS3 and 360.