I have noticed that long time ago. I think that Wii's success obscured this fact to many people. Obscured it in a way that GameCube was considered an anomaly, a failure amid Nintendo's success. I tend to consider Wii Nintendo's only success within a continuing failing console maker's trend. (As OP nicely sketched out).
The fact is that Nintendo has not been able to expand its target market into which it tapped into 25 years ago. Back then, a huge NES success was due to a slew of child-friendly games which hooked in an entire generation of 8-12 year olds (and saved the industry, credit is due there). But, it seems that all Nintendo did was follow that generation and kept giving them same or siilar games, just on newer consoles. And every generation, lost a certain percentage of its followers that either quit gaming altogether, or moved onto more mature games on Playstation first and XBox later. Therefore a declining trend, in which we now, with WiiU, see the remnants of those 8-12 year olds (now 28-35 yo) that are still living their nostalgic dream through the sequels of their childhood franchises. And we see that the number has shrunk significantly, to the point that no new game can sell systems because the entire remaining target market has already purchased a WiiU, and all that's left is trying to hook some newer kids into it, but kids today much prefer to game on the go, on their smartphones, and it is very very tough to recruit 6-7 million new users, let alone get back to 60-70 million from the last century.
Wii was an anomaly, a gimmick-backed short-lived fad, hwere a ton of people jumped in to try motion controls, where they managed to bring in the entire new audience of women, grannies, family-friendly entertainment. An excellent strategy, which unfortunately was aimed at people who either grew bored of the system quickly, or just cannot be convinced to purchase a newer one that in their opinion does exactly the same thing, with exact same games and apps.
Without a new fad in sight, and without any thread of innovation or focusing on anyone but children and "middle-aged nostagics", Nintendo has no chance in today's market. Unless their new console (when and if it comes out) has something innovative and different from MS/Sony, it will sell even less than WiiU.