There's enough competetion anyway between Sony and MS to keep everyone honest. Three consoles doing the same thing is just overkill.

In the words of Nintendo, they don't compete with Sony and MS. So again, why?

After the Wii U, I'm making sure that Nintendo deliver the software I want FIRST, then I'll buy the machine. Doing it the other way around and just hoping your dream games will appear is downright painful.

Maybe they don't compete in the Ultra HD powerful console that is also a multimedia powerhouseside of consoles, but costumers like having options. Look at the Wii, it opened a market none of the other companies knew it even existed. If Nintendo had "competed" that gen, those people wouldn't have joined the market, and probably the casual mobile market wouldn't have grown as much. Nintendo competes doing their own thing.

Nintendo and it's games for the last half decade are arguably not that influential anymore. So their not necessarily in direct competition with Sony and Microsoft. However, if NX (whatever it is) became a financial disaster, it could potentially have a negative impact on Ninty's software and support, even in the handheld space (which currently sits at about 53m). And that effects the people who mainly use Sony and Microsoft consoles and use a Nintendo console/handheld as a secondary gaming device.

I take it you had your blinkers on last gen? and that the 3DS doesnt exist?

If we talk about hardware, it is quite simple. The GC didn't cost as much to manufacture as the PS2 and therefore, even despite the price cuts the profits Were quite decent. The PS2 was selling a lot, but selling a lot at a loss per system means you are in a hole, and all future profits are neant to get you out of said hole. HW the GC likely made a slight profit and the PS2 a slight loss. The big killer is software, and despite Sony making considerable platform royalties on third parties their first party games didn't sell at the Nintendo level. Nintendo also edged out in software profits for this reason. Handhelds just make a small profit win a much larger one.

All companies deny rumors whether or not they are true, they won't announce something until they are ready to announce.

Miyamoto isn't making the decisions, that however doesn't thane the fact that he said, "WE don't care about high-specs" key word is we as in Nintendo.

I didn't say surprising meant weak, although it along with saying things like new ways to play imply a new type of gimmick.

Iwata has said their mobile endeavors are going to be used as a way to promote and spread awareness of their dedicated gaming devices. Who primarily plays mobile games? Casuals, so it's a strong possibility they are aiming at them.

A weak, casual focused, gimmick based console is a very strong possibility and personally I'm fine with that. People give Wii a lot of shit but it had a ton of great games.

I dont think a Wii U owner should wish NX success,, it's like saying " It's okay to spit on Wii U, i'll buy your next one even you forgot Wii U buyers, it's okay, i'll follow you no matter what :) " so i hope it wont be successful and force them to continue to support Wii U

Wii U is profitable and therefore is sucessfull. there's no basis in saying nintendo's whole future in the home console business depends on the sucess of a single console (that may be the 3ds sucessor, as far as we know).