He's not all that though. He kept saying online wasn't important, while online just took off around the world. He seems to be blowing off cloud gaming as if it's irrelevant. He stayed with terribly outdated tech resulting in a complete disinterest by most big publishers for an entire generation. he launched a handheld at such a price with so little to offer that they had their first even yearly loss and he had to take a paycut and cut the price of the system within the first 6 months. He's just launched a home console that Nintendo themselves dont know how to sell, and third parties yet again aren't currently interested.
He hit lightning in a bottle with Wii after a big gamble, and didn't have faith in the DS given the fact it as a 'third pillar' and the GameBoy still going to be their main handheld.
He took some punts, and they paid off due to timing. You can call that genius but I call it lucky. Wii U is unfortunately looking to be pretty go him so far.
I wouldn't go as far as calling him a genius, but he is a smart man. While the DS certainly wasn't online focused, it would have been weird for Nintendo to jump to an online focus in 2004. With the Wii, Nintendo did have an online focus. They wanted the consoles to be connect to the internet 24/7, a philosophy that was carried on and expanded with the 3DS and Wii U. It just didn't have the accounts that people wanted. I do not remember when that quote came from, but wasn't it around 2004/2005? I'll agree that it was a dumb thing to say though.
I don't think he just blew off new tech like it was nothing. It sounded like it was considered, but did not think it fit Nintendo. This is the same company that denied the Kinect tech too.
Despite the admittedly embarrassing tech, the Wii ended up setting records for sales. Publishers mostly ignored the Wii despite the large install base. You could say it was because of the tech, but that didn't stop the Gamecube from being largely ignored. There are a number of factors to it. Tech being one of them, another being that Nintendo had largely been shunned at that point.
He also did not need to take a paycut, if I recall correctly he took a paycut to show how serious he was taking the 3DS' bad launch. Other than that, yeah, the price of the 3DS was quite arrogant. But you don't see any other company president taking the blame personally for anything, really. The Wii U may not have had a great launch, but it is a bit silly to say that 3rd parties aren't interested in the Wii U when the console has only been out for only three months or so.
As far as the DS and the third pillar comment went, Nintendo valued the Game____ and did not want to sully it again after the failure of the Gamecube. The DS was a pretty big gamble after all. But pretty much since the third pillar comment everyone knew it was just a failsafe in case the DS failed. But it did end up doing insanely well. If it didn't, we probably would have ended up with a new powerful Gameboy, and who knows if they would have taken the Wii risk then.
Call it luck if you want, but a lot of planning clearly went into the Wii. I think they knew it would be a success, but did not realize how large of a success it would be. Don't believe all of it can be attributed to Iwata though, considering he is not the only one at Nintendo. I also don't think all of the recent failures can be attributed to solely him as well.
Amem, brother. There's still sanity in this world, after all.
Gee, what a surprise. If someone disagrees with your biased opinion, they must be insane.