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Wyrdness said:
X1 specs will be cheap enough to come in at that price point by the time NX is released especially as Nintendo skips mulitmedia functions and probably won't have a HDD in favour of supporting external HDDs.

^this. Xbone parts (or equivalent) will be cheap enough, heck PS4 hardware should be cheap enough. I personally think we will see something more powerful than the PS4 for around $300 (which is their golden ticket price). If they would be willing to take an L on the console, they could easily make it back up in software.

I would say it would be an undeniable fact if production of the NX started Oct 2016, but being it's getting made Oct this year, I guess it is a little debatable. But if it is less capable than an XBone, it would need a hell of an innovation to move 20 mil first year. (Or a hell of a first year line up.)