New Nintendo doesn't just play it safe; the Wii itself was a big risk, and games like Mario Galaxy, Xenoblade, Wii Sports and Skyward Sword were just as bold and brilliant as games like Mario 64 and Ocarina of Time.
They only time they really lost the plot was during the Gamecube era, where they butchered 3D Mario, Zelda, and Starfox.
Now, they have played it a bit too safe with Wii U so far, but games like X and publishing Bayonetta 2 are encouraging signs for the future.