Miyamoto said the right thing.
Beginning with the Wii - GC was more powerful than PS2 - Nintendo games showed that style beats raw power.
Nintendo does not make realistic looking games for a reason - they are a TOY company which offers GAMING EXPERIENCES.
They intentionally let others offer different experiences because they are not good at them.
Splatoon is Nintendos master piece showing how to reinvent a complete genre "owned" by others into a new one. By offering superior gameplay and graphics (!!) Splatoon manages to walk on the thin line of satisfying the "hunter" in us AND the inner child of which both are equally important...