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Holy crap. Do people have no idea what it takes to make a video game console? How on earth could someone actually think that the NES Classic could possibly be made of failed parts of a console in development? That doesn't compute at all.

No. Definitely not. There's a 0% chance this is the case unless the NX turns out to be a new redesign of the NES. The two consoles with have almost nothing in common hardware wise.

As others have said they've probably had this design (and likely similar ones for the SNES, N64 etc) designed for years now, just waiting for a good time to announce and release them.