I've made a post about the actual viewpoint of industry by Big N in my Game Design Blog. Nintendo have the right instinct on their view but professionally they are losing an opportunity on their mission. They are a game company, not a judge of trends.
In this post I analyse the past, the present, other markets and what can be done to own the best professionals without being a "We are already good, try to be good far away and come back later".
Check it out the full post [here].
Remember Nintendo: the highest place isn't where you looks all the others below, is the place that is still above your head. Look up!
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