No, no it is not.
3 new first party games.
3 enhanced WiiU games that are not the traditional "HD" versions but instead have a lot of new content and improvements. More like 1.5 versions vs just "deluxe" or ports.
X other new first party games we've had no hint to such as the likely Pikmin 4 or who knows what else as 3DS is turned off in 2017.
At least 10 new 3rd party games, plus some exclusives such as the marioRPG/Rabbids game.
Then a ton of indie titles as Nintendo really stepped up that relationship with WiiU and everything known to man in the indie world will be there.
Hell, any first year with a new Mario and new Zelda can never be considered weak.
Jan 12th is going to be an interesting showcase. Nintendo will be riding high from Pokemon and NES classic. I expect to see nearly every major 3rd party game in 2017 shown as a 2017 title for NS and every 2018+ game. The only 2017 exceptions will be those games well under development where it is just too hard at this point to fund/plan a port. All sports and other yearly titles (which is the actual core market) plus anything significant that the company can put port resources towards.
