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I am putting my money on the NX being a hybrid handheld/home console so that they can combined software libraries without the cost of developing two hardware platforms anymore. The NX will play 3DS games via download or cart while the home console with entirely forgo a new disc medium and be a cloud based system requiring a constant Internet connection for new NX titles while being backwards compatible with Wii U software. The design of the console having multiple screens will allow the backwards compatibility with the Wii U as well as being able to connect the Wii U tablet to the NX. People forget that quite recently GPU design with a focus on low power consumption has been able to match the PS4/Xbox1 level; research the Tegra K1. Memory took another nose dive in cost and just in the past three years hardware components that would make up consoles have gone through some night and day changes.

If Nintendo is looking at this the same way I am then it is best to toss away the Wii U because they can create a portable system with the abilities of the big dogs at a lower price point that already has the previous consoles library and their successful handheld library to acompany their launch line up. That's why Zelda isn't being brought to market, much like Twilight Princess that's a launch title for the NX.