I don't seem to agree with McShea on most things, and Nintendo's QOL is a big unknown.
But,
I don't believe that new hardware is what Nintendo needs to increase profits. Software sells hardware and we have not yet seen:
Nintendo;s take on a 3D open world game. Nintendo could still garner support from the gaming community should they be able to wow them with a well constructed game. Imagine a massive open world Zelda or Metroid game, or a Star Fox adventure where Fox could jump in a spaceship and dogfight or fly to any number of planets to explore.
A console Pokemon following the Skylanders model. Players could unlock characters and areas based on Pokemon figures sold separately.
A new IP. Every console is only one killer app away from success. Nintendo has not yet found theirs for the Wii U, but they could still produce one.
People panic that lack of 3rd party support is sinking the Wii U, but I would argue that 3rd parties are dying. Yes, COD, Assassin's Creed, and a few others do sell well, but development costs are increasing and sales of fringe games are decreasing. Yes, 3rd parties support other platforms, but the numbers of developers are declining, the genres are narrowing, and diversity of gameplay disappearing.
Enter independent devs. The Wii U could actually become a haven for Indie games as Wii U users buy downloadable games to fill the void between Nintendo releases. The Unity engine and web dev tools could help make the Wii U a go to platform for independent developers.
Taken together, reports of the death of the Wii U may have been greatly exaggerated.
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