Unless this thing pulls an absolutely unthinkable miracle, it will be FAR too weak to successfully port major multiplats in a way that will be worthwhile to owners of even base PS4/X1. All the deck will be stacked against it in that area : install base for online MP, different architecture, low performance GPU, and seemingly an ARM design.
It will probably play 1st party Nintendo IPs wonderfully however. The problem with that is that the WiiU already does that in spades. Zelda BOTW is already promised for WiiU, so a major selling title is either not a NS exclusive, hence less reason for Nintendo fans to dump their WiiUs to get an NS to play BOTW, or they cancel the WiiU version to try to get people to get on board, and burn those fans after promising it years ago (release was supposed to happen in 2015).
Unless this is $199 with an amazing launch library, this looks like an absolute disaster. NES mini however should be a massive seller this holiday at least. $249 will be risky unless bundled with a Mario 64 class of game, and $299 is absolute suicide.
This looks like the end of the road to me.
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