wii u barely manages to look better than 360/ps3 @ 720p. Ps4 level visual is out of reach even at 480p

Don't you think Shovel Knight would lok much better in 1080p.

No, 1080p is a must have feature, which is much more important than framerate for me. Wii-U games currently look worse than Wii games on Dolphin emulator.

Magnetic: Cage Closed runs at 720p on PS4.

http://gamingbolt.com/magnetic-cage-closed-to-run-at-720p60fps-on-ps4xbox-one-devs-not-fans-of-cinematic-experience

Meanwhile MGS5 runs @60fps 1080p and looks a lot better, these guys from magnetic dont know how to optimise on the ps4 obviously

Yup!

Would still get a PS4 down the road but I would have bought a Wii U in launch year if I thought it had the power to last the generation and provide a notable boost over 360/ps3. As things are, I knew that support for the system would not carry over in next gen only games because of its lack of power.

Generally I think there would have been a lot more excitement for the system and more faith in its longevity.

Wii U is better the way it is with its own games. It's not better to foray into ps4 or X1 territory when they can pull a far decent effort on 720p.

The Wii U probably couldn't handle Driveclub or Infamous second son on 480p/30fps with the complex lighting, shaders and all types of effects. Graphics are more than only resolution, meanwhile I am still looking for a Wii U game to beat GOW 3 or Uncharted 3, TLOU in therms of graphical power. Perhaps Zelda will, but that's going to take a while.

Period.

It still wouldn't have 3rd party support or games from the PlayStation studios. So no.