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It'll fail for sure, people are tired of the gimmicks.

It'll be another console with the same games yet again, the same Mario's, Donkey Kongs and Zelda's. It'll get third party support for a while but everyone will just buy that version on PS4 or Xbox One and so eventually third party support will stop and it'll just fade away.

It'll be another GameCube or Wii U. The Wii was just a lucky exception that was nothing more than a fad.