10,000 WiiU's have been sent back to Nintendo from european retailers because they can't sell them, and you think that's heading in the right direction?
Wii U will be discontinued by 2015 at this rate.
Since when has the EU been the "be all and end all" for a global market ? Japan and the US are freaking huge markets compared to the EU.
Also as mentioned sales are increasing in both consoles and software for Nintendo. Oddly enough I have just purchased a WiiU (Zelda bundle) myself. The only reason I held off was lack of games the WiiU is slowly but surely getting better games out for it. With more better games coming out for it more people may possibly buy one (Of course they might not !).
I can't see Nintendo going away anytime soon.