Me and a friend have been putting together exactly how we think Nintendo should handle the launch of their next console. It's very ambitious, but one that could have a HUGE pay off for Nintendo if it worked and would let them really take advantage of whatever head start they have on Sony and MS.
It starts off with launch titles- obviously it should have an incredibly wide variety plus a few big name titles (Mario, Soul Caliber 3, a good FPS, maybe Too Human). Nintendo shouldn't have one or the other but BOTH. However, Nintendo's not real good at providing variety by themselves and 3rd-parties have shown their reluctance in supporting Nintendo's home forays too deeply. To remedy that, we've come up with an excellent idea (well, he came up with it and I built on it)- Nintendo would offer a bundle at launch- basically the Gamecube 2 plus a game (ANY launch/near launch game), for free or more realistically much cheaper. Nintendo then gives the maker of each game chosen as part of the bundle a special commission (my friend suggest 5%, but keep in mind we know jack diddly squat about videogame business finances

). This would give the GC2's 3rd-party support an incredible boost for a number of reasons- 1) it would attract a multitude of 3rd-parties ranging from all genres to support the GC2, 2) it would encourage them to release their game at or very near launch since Nintendo obviously can't support such a deal forever, and 3) it would heavily encourage 3rd-parties to advertise their respected GC2 games in hopes they'll be picked more in the bundle- this also advertises Nintendo's launch at no cost to them. This would quickly and rapidly expand Nintendo's array of games to choose from, attracting more and more buyers, and by the time Sony and MS's consoles launch Nintendo already has an extremely impressive lineup of great 3rd-party titles ranging all across the board, giving even MORE incentive to hold-out buyers to choose a GC2 over a PS3 or XBox 2. It would also be extremely wise of Nintendo to net a hugely popular 3rd-party title (like Grand Theft Auto) to REALLY catch people's interest. On top of that, add a simultaneous worldwide release (launching in Japan, North America, Europe, and Australia at the same time) that will give the GC2 universal appeal before anyone else has a chance to oppose and I could definitely see Nintendo taking the top spot once again.
Now, like I said this is extremely ambitious and risky- we don't even know if it's financially plausible, but one thing you can't deny is if Nintendo really wants to become the industry leader (I know they already make more money than everyone else, but more sales = even more money) they HAVE to do something drastic and do it soon. With a huge launch like what I've described, MS and Sony would have their work cut out for them just to match Nintendo. I really hope some NOA/NCL reps are reading right now.

Feedback welcome.