No, no it is not. 

3 new first party games.
3 enhanced WiiU games that are not the traditional "HD" versions but instead have a lot of new content and improvements. More like 1.5 versions vs just "deluxe" or ports.
X other new first party games we've had no hint to such as the likely Pikmin 4 or who knows what else as 3DS is turned off in 2017.

At least 10 new 3rd party games, plus some exclusives such as the marioRPG/Rabbids game.

Then a ton of indie titles as Nintendo really stepped up that relationship with WiiU and everything known to man in the indie world will be there.

Hell, any first year with a new Mario and new Zelda can never be considered weak.

Jan 12th is going to be an interesting showcase. Nintendo will be riding high from Pokemon and NES classic. I expect to see nearly every major 3rd party game in 2017 shown as a 2017 title for NS and every 2018+ game. The only 2017 exceptions will be those games well under development where it is just too hard at this point to fund/plan a port. All sports and other yearly titles (which is the actual core market) plus anything significant that the company can put port resources towards. 

Anyone else with a Wii U and think the line up is meh?

More or less. They are targetting primarily 3DS owners, 80% of whom do apparently like Nintendo but never had access to games like Splatoon, Mario Kart 8, etc.

Thats just the enhanced ports from the Wii U.

But theres also stuff like:

New Mario RPG (Rabbids)


Its a stronger lineup than the Wii U had.

Even just knowing that the switch, will have some jrpgs like Dragon Quest X, and XI,..... switch > wii u when it comes to rpgs.