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I can relate somewhat to what the OP is saying.  I remember I wanted Kirby on the Wii and I kept waiting for the price to drop.  New price never dropped.  Used price never dropped.  No Nintendo Selects.  Eventually I just lost interest.  I do think it is smart of Nintendo to keep their prices up as long as possible, but once a game is 3+ years old it should definitely get a Nintendo Selects or something like it.  They aren't going to make money on most of those 3+ year old titles.  (Although there are a few evergreen exceptions.)

I do worry a lot more about third parties on the PS4 and XB1 though.  Their prices drop way too fast.  Ten years ago prices would often be $60 at launch, and $30 after 1 year.  I actually thought that was too fast of a drop but now it is worse.  Now it is more like $60 at launch, $40 after three months and $20 after a year.  That is some really desperate pricing.  Really, a three month old game is still current.  I'm sure these companies could make a lot more money if they polished their games up like Nintendo and then just kept the price up.  Nintendo is known in the industry for making amazing profits.  These other companies seem like they are just trying to stay afloat.