This comes from an IGN interview with Reggie Fils-Aime...
"It's all about the games. The competitive systems have announced their launch lineups. I'm allowed to say 'Meh.' I look at our lineup of titles and I feel good about our lineup. We've got Zelda. We've got Mario. We've got Donkey Kong. In addition to great titles like Pikmin 3 and Wonderful 101, I feel very good about our lineup, and I feel very good about the value proposition we're putting out there for the consumer."
"We've got cloud technology that we're delivering with Wii U. Nintendo TV is all cloud-based technology. But the difference is, we don't talk about the tech. We talk about the experience. We make sure that the consumer has fun with the game experiences that we provide. And so I think as you compare and contrast Nintendo with other players in the space, for us it's about games, about the fun, about the entertainment value, and not about the tech."
Source: IGN