1. Since when did upscaling become the requirement for BC? PS3s PS2 upscaling was just a smoothing filter, pretty much achieved on any TV by setting the sharpness to 0, and then they removed it from "wave 2" units. On 360 we had to wait and pray for them to add the games we wanted.. remember that?? And the list was different in each region. At least Wii U has 100% BC, which means that you can sell your Wii and keep all your Wii games. Isn't that the point of backwards compatibility? (And the HDMI output will atleast enhance black level, sharpness and contrast.)
2. You're not paying for just the GBs.. You pay $50 extra for: a $60 game, charging cradle+stand (guessing $15 retail value for this), the Premium service.. You'll be insane to go for the Basic set. And why SHOULD Nintendoland be free? The competition doesn't do it, why should Nintendo?
3. Valid argument if you don't already have a BD-player. If they get HD-streaming services for Europe, with a better selection than Zune I would be happy. I watch far too many movies to buy physical discs anyway, and I'm not a download-pirate so digital rentals have saved me.
4. So, you're using past console releases against Wii U, which seem to have the most solid and "up to snuff" line up of any console, both in exclusives and enhanced ports, only lacking the revolutionary flagship title like Super Mario 64 for N64 or Halo CE for Xbox.
5. You don't know if the other consoles will be ready to launch holiday 2013, you don't know which price they'll be or which games they'll have. Nintendo could have the most epic holiday line-up ever for all you know.. Super Mario Universe, The Legend of Zelda, Final Fantasy VII HD, Wii Sports U, Super Smash Bros., Timesplitters 4. A price cut won't be neccessary if they have the one must-have game, because even at $349 they will be the cheapest alternative of the new generation. (They'll probably start to push dual GamePad games at that point, and Sony will be supporting PS3 at least until holiday 2014, with a tail reaching well into 2016.)