Imo, Nintendo needs to go back to the whole UNDER $300.00 model of business. They should take a loss on hardware this time in order to gain marketshare and respect and try to recoup through killer software.
A $199.99 price point on a console with at least PS4 power (it's possible that a console like that wouldn't even CAUSE a loss considering the PS4 will be three years old next year) and great games would do very well imo.