I pretty much excepted the Wii U was now the 'Wii 2' / 'Wii HD' after watching the E3 2012 press conference.
After all the promise from Reggie at E3 2011 about the Wii being for everyone but the Wii U was for 'you', both the casual and the hardcore, went right out the window when they showed NSMB U, Lego City, Nintendo Land, Rabbids Land, Just Dance, Sing, Wii Fit U ect, with a few token ports of multi platform games that will have been out for months on other systems by the time Wii U launches (Batman: Arkham City, Mass Effect 3, Ninja Gaiden 3, Fifa 13, Madden 13, Darksiders 2 ect).
I will prob pick a Wii U up just for Pikmin 3 and then the usual big 7 IP's - Zelda, 3D Mario, Metroid, Starfox, Mario Kart, Smash Bros and F Zero but the days of actually expecting a core cutting edge system from them are long, long gone.
Casual, mass appeal gaming is where the true money is to be made and i don't see them giving up on it any time soon.
Add all that to the fact that they have not shown a game that even proves it's a true next gen console, the complete information blackout on all things Wii U, the cock blocking of developers (some of which seem genuinely excited to talk about the console) and we still don't have a price, release date or even know which games are launch games and which games are 'launch windows' games meaning 2013, three months away from launch.
Whoever handles the PR for this thing needs fired...