I must admit that I, up until recently, held the assumption that Iwata knew what he was doing all along, even after his various admissions of mistakes and even after the 3DS price cut debacle and his pay cut. I sort of considered them as issues he meekly made a big deal of but were in reality only minor issues while the master plan of 3DS/WiiU long-term success was carefully planned out and more or less going according to keikaku.
I mean, after the insane profits and success of Wii and DS, and the money stash they had, the "unpredictable" floundering into the new generation didn't seem plausible to me.
But these new forecast slashes and investor messages have convinced me that major errors have been made, and even if they didn't originate with Iwata, he is directly responsible for not having the foresight to overrule or adjust them.
Although we're "never right," the fact that GAF as a whole has been so concerned over the past 2 years with Nintendo's strategy, particularly in the West, and has been proven justified, frustrates me because you'd think Iwata would have much much greater insight into what will best breed success - more definite facts, industry connections, and administrative experience than any one person or group of people on GAF.
Did Iwata not have the same concerns as us? Did he not worry about Apple's incredible mobile boom? Did he not question the confusing marketing (names, concepts, advertising etc)? Did he not know about the incredible system-selling popularity of certain genres and styles of gameplay in the West?
If so, was it that Nintendo was simply too far invested in pre-existing development to alter course to meet new demands? Was the belief that to be successful they need to stay low-end/low-price and to maintain a major point of difference from the competitors' ecosystems, because of the perceived failure of the GameCube and success of the Wii? Do these beliefs necessarily hold true?
Can it all just be blamed on the Yen and the long recession? And is it really just all the fault of the stupidly confusing console names?
Meanwhile, where's all the stuff they could be spending their massive coffers on? Where's the publicity? Where is the genius marketing team behind the Wii generation? Why are people still confused about a bloody Wii iPad and its benefits? Where are the games? Where are the new developer announcements? Where are the new system colours in the West?
I still hope Iwata knows what he's doing, but something's definitely not quite right. And it's annoying that it takes "desperate Nintendo" to be "best Nintendo". Maybe Iwata needs to be desperate all the time, or hire someone who has that temperament.