I think they should keep the Baynoetta franchise for critical/prestige reasons, but they should axe pretty much the other games like Devil's Third and (I hate to say it) Fatal Frame.
Those games aren't doing anything for them, that development money would be better off if Nintendo swallowed their pride and greenlit more mainstream Western developed or Western style projects.
This is a business, not a charity. Hire more competent people at NOA/NOE and give them autonomy to make 1 or 2 game projects a year ... they can't sell any worse than things like Wonderful 101.
To be honest also, why is something like Devil's Third greenlit and The Last Story 2 not? Mistwalker clearly seemed eager to do it. The Last Story at least sold OK in Japan (not sure as well why NOA did not bother to localize it).
