It depends on the reason: is Nintendo going 3rd party because they failed to make it as a console manufacturer (ie. SEGA) or because they see an opportunity to grow their business (ie. Nintendo's mobile strategy)? If Nintendo does it because of failure, they may survive but I doubt that they would maintain the same quality standards that they have now. It's like somebody who has been demoted in their job: such a person will likely never be a star performer again at their company. Nintendo is a very proud company and if they ever went 3rd Party because they failed to succeed on their own it would change the company similar to what happened to SEGA after they failed.
I cheered SEGA going 3rd Party 15 years ago because I wanted to play Sonic on the GCN. Looking back, though, it was a horrible mistake to wish this on SEGA because they are now just a husk of what they once were and there is no longer any pride or honor left at that company. I never want to see Nintendo go 3rd Party in the manner that SEGA did: if Nintendo ever chooses to go 3rd Party then I want them to do it because they see an opportunity and not because they have failed to make it on their own.
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