What's wrong?  The Wii U is a money pit with near zero support.  So yeah Nintendo could enjoy another year of worse-than-Vita sales, or they could replace their floundering system.

Didn't he also say that Star Fox Zero would be released this year? Zelda Wii U? I love Miyamoto but I think the days when you can take his word with certain games development are long over due to his ascent out of the development trenches.

That being said, I never thought Nintendo would be insane enough to announce and release a potential major console in the same year. That is too little build up, without anything concrete to potentially show off to your fanbase.

So you are comparing Wii U (console that have relly good Nintendo games and some of the best games of whole franchaises) with Virtual Boy because Wii U probably will not have exclusive Zelda!?      OK, then. :)

It not like we will not have at all new Zelda on Wii U. I dont its big deal at all if Zelda U get NX port, who cares, we will still play new Zelda on Wii U.

Actual all those games are big titles, but Zelda U is certainly biggest and only niche titles is Mario and Sonic at the 2016 Olympics.

Replace it and risk it flopping as well, then theyll have a financial disaster such as a very popular Sony platform.

About Zelda, in March they delayed game for next year, if game isnt coming this year there is no point for them to showed it on E3 espacily beacuse they said that in E3 they showed only games that are coming near future. If they didn't showed Zelda on E3 there no logic to show they biggest game only 2-3 months after biggest gaming event. But they did said at E3 that game is still coming on Wii U. There are even chances that we will not see Zelda U at all until next E3, but I think we will maybe see it at Game Awards in December same like last year.

About Pikmin 4, I finding that much stranger is announcement of NX game (if Pikmin 4 is a NX game) when they still didn't revel NX itself. There is no reason to announce new game for platform that we only know code name. Also, this Pikmin situaion is same like on GameCube, on GC we had Pikmin in 2001 and Pikmin in 2004, not to mentioned that for Pikmin 4 for Wii U they can easily use Pikmin 3 engine and assets and make completely new game without big budget and big development time. Saying that, maybe Pikmin 4 is cross platform, but I think it almost certan it coming on Wii U in any way.

Well Nintendo said they want to satisfy Wii U owners they can release all this games on Wii U next year and in some time release new hardware.

Actually Nintendo is making money on Wii U on hardware itself from last year, not to mention software. But that doesn't mean that Nintendo is satisfied with Wii U sales and profit and that they will not release new hardware next year.

We actually don't know this for a fact, people have mistranslated and misconstrued this statement greatly. It probably is by now (one would hope a nearly 4 year old piece of tech is profitable), but we don't know for sure. 

In any case, Nintendo is in a bad position here either way. 2016 launch is still quite late, but 2017 would be ridiculously late. Like with a 2017 release, what exactly is it supposed to be competing with? PS4/XB1? No chance, the lead those systems will have will be way too large. PS5/XB2 then? Are they willing to skip to such high end tech when they can barely support an XB360/PS3 level system right now?

Neither is a good situation. They're likely walking into a slaughter against the PS4 on the console side, which they're probably used to by now, but its compuonded by a not good situation with with the 3DS. 

The 3DS ... I mean why does not get any attention? The 3DS is the only hardware Nintendo has that's selling half way decent, but it's not going to make it until 2017 without slumping to incredibly low levels (you're probably talking sub-5 million shipments, which would be the lowest handheld shipment in Nintendo's history). 

Nintendo is in a very bad spot here honestly, the fuck ups with the Wii U and the decline of the traditional handheld market has put them in a bad position now. 

It isn't the fact of Wii U finding a second breath, it's giving Nintendo enough time to release a decent next system that doesn't put them in the same situation as the Wii U.

Then you talk about having a new innovation/gimmick/whatever people want to call it. If the system is going to solely depend on what the new way to play games is instead of on games itself to push consoles, then it could very well release 2020 for all it matters. 

I doubt they are interested in making a PS5 level hardware. 

So if they launch in 2017, it basically will be the exact same situation as the Wii U. Third parties will ignore it/treat it like the third wheel and rightfully so -- it will have 0 userbase versus two platforms that will be approaching 85-100 million combined userbase with proven demographics by then. 

And by 2018, you'll have Microsoft likely touting their XB1 successor. So there goes your advantage of being "new". It's the Wii U, and really heavy shades of the Dreamcast all over again. 

It's just a bad situation all around, Nintendo has not put themselves in a good spot here. Luckily for them I think smartphone games will do very, very well for them, but traditional hardware they could very well be screwed here. 

A 2017 launch is pretty much a virtual gauruntee that they will be a distant third place for the remaining 1-2 years of that generation cycle and then they'll be badly outdated by new machines from MS/Sony that will have 4K resolution graphics. 

But even that is really not that important. Consoles are not the first priority for Nintendo, because they've gotten by OK with poor selling consoles before. If they don't stop the erosion of the traditional handheld market, then it's basically over for them as a hardware maker, that has to be priority no.1. The NX should be the 3DS successor at its core IMO, and then build other SKUs around that which play the same software.