Yes it is. Soon after, the PS3 would only be bought as a blu-ray player and 360s only bought to heat up small arctic fishing boats, leaving Nintendo calling the shots with the large conglomerates and buying up the smaller, good third parties at bargain prices. The newly nintendo-controlled developers are worked like slaves, forced to produce nintendo-quality games.
Remember the golden age of gaming? Zelda, metroid, excitebike, ROB, game boy, tetris, playing with super power, nintendo cereal and cartoons? Nintendo monopoly = good