Was Nintendo right to opt out of the graphics arms race?

[curl-6]

While I did really love some of Nintendo's first party games that gen like Metroid Prime 1/2, Luigi's Mansion, and F-Zero GX, they really needed an epic Mario 64 successor like Galaxy or Odyssey, a "serious" Zelda (Twilight Princess pretty much, but that arrived too late) Mario Kart and DK games that weren't tied to a meh gimmick, etc.

It was a case of not reading the room, much like Wii U. They made what they wanted to make instead of listening to what the audience wanted.