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No, 2012 was the right time for a successor. Maybe even too late. Should they have supported Wii better in end life? Sure.

They didnt have the resources to prepare for their successor, launch the 3DS and give the Wii a great final 2 years. Give the Wii 3 more flagship titles across 2011/2012 and you have something on par 1st party wise with every other year the Wii had. This could have achieved if they planned around it.

What could of helped is if they tried cross platform development across Wii/3DS

So you could have added:
Kid Icarus, New Super Mario Bros 2, Nintendogs + Cats & Star Fox 64 to the Wii's end life.