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Miyamotoo said:

Is waiting past E3 to reveal NX a good thing for Nintendo?

Appsolutely. It wouldnt be good move to reveal NX at E3 with all that other huge news like VR, PS4.5, new Xbox, other huge games...
IMO best way is to reveal NX sometime after E3 at separate event where they will have all attention and all time only for itself, same like PS/MS done with PS4/XB1.
Today there is no need to reveal your console (or any other technical device) year and half earlier before launch, you can revile just 6 months earlier make huge hype and great marketing that will lead to good launch.

1: It's not going to release in a year and a half, it's going to in 10 months. By next month during E3 time it will be 9.

2: I can show proof where consoles that were revealed 9 months + have sold amazing. In fact the two best selling consoles of all time have been shown off a year and a half before release. This is not a reason to have your brand stagnate for two years, and the PS4 (on it's way to being the 3rd best selling platform of all time) has also been revealed in this time frame.