Being better than the PS3 and Xbox 360 is expected. If they fucked THAT up well, ****, I'm surprised Iwata and Miyamoto can get to work without getting lost. It would be so unbelievably dumb if they didn't top the existing specs.
The issue is whether or not this will compare favourably to the next systems from Sony and MS. I don't expect them to match it. If the Wii U comes out first it will make sense for it to have the weakest hardware. The issue is on how big the gap is. If it's PS2 to Xbox, that's fine. If it's like, well, the Wii to the Xbox 360, that's a big problem.
Nintendo's strategy should almost be to assume the Xbox 360 was their current system instead of the Wii and to design a logical successor to that. It would help them to better guess what the next gen is going to be like. If they just spruce up the Wii then they could easily get leapfrogged.