Honestly, after reading Nintendo's meeting. All I can say is I'm very exciting for Nintendo's new direction. Basically Iwata has told investors and other gaming outlets to f**k off and will still make Nintendo hardware for another generation. Yes, there were dumb rumors of the Nintendo Fusion concept, but somehow it could be true. Not on technical specs, but in their new philosophy.
What strikes me in Iwata's meeting is pushing the Nintendo Network ID to more of a unify system. Here are some quotes:
On Wii U, we launched Nintendo Network IDs, which are abbreviated as NNIDs. This is the first step of our efforts to transform customer relationship management from device-based to account-based, namely, consumer-based, through which we aim to establish long-term relationships with individual consumers, unaffected by the lifespans of our systems.
Our future platform will connect with our consumers based on accounts, not devices.
Of course, when we do launch new hardware in the future, rather than re-creating an installed base from scratch as we did in the past, we wish to build on our existing connections with our consumers through NNIDs and continue to maintain them-- Saturo Iwata
What does this mean? I think it means that in this Gen, Nintendo will make a full unified account base system that will allow us buy VC games on our 3DS and also play them on the Wii U. It will also have us transfer our games to the next generation of consoles without the games being tied to the hardware!
As for Nintendo making Mario for Smartphones,
However, if you report that we will release Mario on smart devices, it would be a completely misleading statement.
That's Iwata stating that the media is full of crap!