@Jaysonguy: yes but we are only into year 1 of the wiiu. over the 5 year life cycle they should still be able to get the overall project back into the black. if they can do it with the GC then they can do it with the wiiu. just get the cost of production down and keep plugging away.
and yes it does take 2 years to make a game (unless we are talking something simple). even with COD, which activision have down to a science and fart out every year, they still have 2 years in the oven.
and if nintendo make a console as strong as the PS4 and X1 and 3rd parties actually stop shooting themselves in the foot they are still going to be in a market that is apathetic to 3rd party games.
what you are suggesting is that nintendo scrap the wiiu, release a new console asap with no first party titles at launch (they wont be ready) and hope that people will buy the new console instead of the PS4, PC or X1 for 3rd party games (assumign 3rd parties are still bothered).
do you really see that working?
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