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Soundwave said:

Tegra X1 is good, but Imagination's PowerVR GT7900 is even better. 800 GFLOPS @ under 10 watts apparently (1.6 TFLOPS in FP16 mode) and apparently very cheap. Add some eDRAM or other type of high speed RAM solution and you'd have a pretty powerful little console. 

To the OP's point I agree it could happen. I think NX is going to be a pretty different type of device and Nintendo is banking on the novelty to sell it, not interested in competing with Sony/MS directly. 

To be honest for *Nintendo games* I really don't even mind Wii U graphics all that much. It would be nice to have less jaggies and maybe a little better lighting/shading effects, but even after playing Batman Arkham Knight on PS4 and going back to my PS4, I don't get the "OMG! This is such a huuuuuuuuge gap!!" feeling I used to get going from PS3 to Wii. HD graphics makes a big difference. 

sure the X1 isnt the only capable chip, but its the easiest to compare because of the shield.