Dismal sales, yes, and February will be much worse probably.
But this will all change when decent software arrives. Happens every time. Mario Kart will send this thing over the top.
That said, I often wonder why I care? I am enjoying the system, I fart around with it frequently and I know games I want will be available soon enough and I will buy them. Hell, I want The Cave but don't have enough time right now to play it, so I am holding off. I will very likely buy ZombiU and/or Assassin's Creed 3 while they are currently on sale in the e-shop. (Just where I will download them to is another question, buy at least if I buy them now, I can DL later.)
Anyway, why are we so obsessed with the "business" of video games? I don't own stock in Nintendo or MS or Sony or any others. Their bottom lines are not, so far, preventing them from producing products I want; too many for me to keep up with. So, why do we give a crap?