Nintendo needs to get their head out of their *** and realize it's not 1989 anymore and they can't lead the pack without adapting to the new landscape of the market. They've failed so far attracting the casual, who is more confused about the Wii U than anything (in no small part to a questionable name choice at best and a laughable attempt -
or lack of attempt - at marketing the damn thing), not to mention its gimmick is a lot less instantly relatable than the Wii (plus they've done very little in the way of games that highlight asymmetrical gameplay) nor do they have instantly accessible games to the casual market on the same level as Wii Sports and Fit last time. They're also failing with the hardcore, they've done very little to entice third-parties into developing games for their system, not to mention they seemingly expected Nintendo Land and NSMBU to carry them for the better part of a year. They weren't equipped to handle their launch window or HD development, they're doing very little to re-assure the wary consumer or attract new consumers, all they have right now are the Nintendo fans, and even then the droughts between games have been harsher than normal (though to be fair that does look to change). I think they can turn it around a little should they embrace new tactics (which isn't really Nintendo's style lately) but the most they should hope for with the Wii U is Gamecube-level reception, if they're lucky a little past that. But they took too many missteps, this thing won't be winning any console generations.
So in short, for the most part, I agree.