The Nintendo Direct thing was HORRIBLE, but I think they might be OK if they get their act together before Christmas. They need ads, they have a few games out by then that will look decent, maybe have a demo of one level of Super Smash Bros: Stupid Name with a few characters, and bundle it with the system.
But $330 for a Nintendo system is stupid. If they make it $250ish they can get the Sony fans to buy one instead of the mess that Xbox has become.
Last system I bought was a Gamecube. The only system I'd buy would be a 3DS and I refuse to spend that much money for a handheld.