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It's mostly true. There are opportunities available for Nintendo if they chose not to compete directly with Microsoft and Sony. Of course, there will be a lot of overlap but it doesn't need to be complete overlap, as with XO vs. PS4.

It's a choice they're going to have to make relative to the direction of their next console. Spend money on securing relative multi-plat parity and trying to take consumers away from the others? Or focus on a cheaper console that checks the family category, the Nintendo faithful category, and the complementary second console category?

Following either path requires commitment, however. Half-steps that excel at nothing will get them pounded again.