It's possible. But it also may do far better. You have to realize it's not really a console this time around if that rumor mill about the scalable hardware is correct. The NX launches as a handheld, and the game media, also will work on a consolized version of that shortly after when it arrives (and also if not bs that you can buy an optical drive for it to run WiiU stuff too.) If the stories are right or at least mostly right, you have a handheld system with physical (cards I guess like 3DS) and download as a choice on games. Good solid hardware that can perform better than the last gen stuff, probably closer but not up to snuff with what's out there now -- making it more on par like with the Shield console perhaps. Cheap games, normal games due to the DENA deal/co-op going on. They've not suffered anything like their consoles have for game developer support. If that still holds true then those handheld games would hit the NX console too so it could fare better, especially if any of those nice Android games can be easily ported over from a box like that Shield.

Too early to say until they man up and spill the beans, but if the stories are fairly right, they have a fighting chance unlike if they did another stupid underpowered console with another dumb unique idea that'll piss off game developers and standard non-Nintendo only suck-up gamers alike into ignoring it.