Really, I'm only ever disappointed when I feel a good console never managed to navigate itself towards a successful run. This would be my list, then, if I were to expand it beyond this gen:
Wii U: It really is a wonderful and fun console but, due to terrible sales, it had a rather small and limited library and will probably be replaced early.
Dreamcast: I had a lot of fun with this one, including unique experiences like House of the Dead with my friend and my first real online console shooter in the form of quake III. It was doomed from the start given sega's financial situation, but it was a lot of fun.
Atari Jaguar: It was sad to see Atari sink like that, especially as it marked the final American manufactured console (just feels weird that we're out of the console game now, with the Xbox being built overseas). I'd love it if Atari were still a player, but Atari had the business savvy of sega.
Sega Saturn: I'd heard of the Saturn as a kid but never encountered it, and I imagine id really have enjoyed it as someone who loved the Genesis. It's a console that was absolutely screwed by perhaps the worst console launch in history.
Atari 7800: it's really a great console with one of the deepest libraries at the time due to backwards compatibility. The video game crash of 83 and mismanagement doomed it, as it would have been a quality and graphically competitive console had it released when it was initially intended to... Due to the delays it was already outdated by the nes when it hit the market, though the graphical difference is not as drastic as many seem to believe. The biggest disappointment, though, is that it has the same audio limitations as the 2600, dating it enormously.
Thought about adding the GameCube and Xbox, but both did well enough I suppose.
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