I for one don't mind at all Nintendo going through this, they need a big kick in the ass.
I agree they need a kick in the ass, but i doubt anything will come of it. The Japanese culture is just so close minded and have such narrow tunnel vision, they'll be wondering how they failed when the ship sinks.
As for me, I played my DS a ton, and my 3DS started picking up steam. Last time I touched the Wii was when The Last Story came out -- in Europe. Because of that, I don't plan on purchasing a Wii U. My GF wants one, even though she never finished Twilight Princess, didn't play Skyward Sword, hates Mario games, won't play Mario Kart with me, didn't like the new Donkey Kong, etc. Added to that, I really hate Nintendo's account system. So I'm really trying to be adamant about not getting one. I'll admit, I want Bayonetta 2,but not if it'll cost me $450 after tax.
Most people, IMO, are just holding on to nostalgia and refuse to hear anything bad about Nintendo. I get that. I remember how awesome the NES and SNES were, which still has my favorite RPGs. But that ship has log sailed.