Well Nintendo's Channel system is genius, just imagine a Nintendo Shop Channel, an EA Channel, a Steam Channel, a Sqaure Enix Channel, not to mention the Wii U will be much much easier to port games due to its power and timing. If Wii U is out by the summer it puts Nintendo in a premium position.
Also Imagine Netflix Channel, Coupled with Hulu Chanel, and HBO and Showtime channels? Who the **** would need cable?