Yeah, I have to agree... Nintendo putting out a 'normal' console would be more disappointing than anything else. I think that they see, and rightly so, that the industry doesn't really need, nor can it support, 3 HD consoles that are all effectively doing the same thing. They learned their lesson from the PS2/XBox/GC generation, and I'm fairly glad about that.
Ultimately, I don't see how any of this is bad. PS3 has Blu-ray, and some pretty badass exclusives. Microsoft has the most competent and well-run online component, with two high-profile exclusives (Halo and Gears). Nintendo, basically, seems to be offering the same multi-platform games as 360 and PS3, as well as the Nintendo stable of IPs.
The question, really, is how future proof the console is. It obviously runs the same HD games as the current consoles, but how much power is under the hood? Is it possible that while the WiiU can handle current games, it's *capable* of much more? Beyond price and release date, that's probably the most important question.
Overall, I was happy with what Nintendo presented, just not the way they did. Honestly, you shouldn't have people being confused about what, exactly, you're announcing.
The name, though... bleh. I'm really worried (and today's confusion already hasn't helped) that this'll fall into the same trap as the 3DS, where a very similar name to the older console confuses people and makes them think it's not really an upgrade. I still talk to people who have no idea that the 3DS is a totally new console, which baffles me. I fear that the Wii U will fall into the same category, which is why, if nothing else, I'm glad that the third party stuff was front and center. Gives a nice comparison point.