In some ways I say: resting on the laurels of their previous golden age; their big mario game this year is a sequel to an homage to NES mario games. The last Zelda was seemingly an homage to OOT or a 'deluxe'. Every handheld since the GB Color has launched with a port of a mario game. I know they could do better.
Hardware wise, they've yet again set a precedent their competitors can only pray to be able to match... in the distant future. They're making use of multiple peripherals to advance gameplay and interaction with a fun interface and free internet play, but sometimes not (wii speak, custom music, memory space, belated motion+). They've brought Metroid into 3D for 3 games and are already getting ready to switch it up. They seem to listen to fans if enough rage persists and try to improve when convenient. They've overturned 3 straight generations of decreasing console sales.
Overall I'm going to be a little sad when this gen is over. I think that's a yes vote for 'current' but I was a little young to remember much of the NES