Also looking forward to seeing what Valve's "Steam Box" is going to offer in comparison. My son seems to want the Wii-U for Christmas, and I asked him, "Are you SURE you want that thing? It's a very strange setup with the handheld controller screen." I'll look into it more, but also mentioned in this article is that PS4 and XBox One will not be backward compatible with PS3/PS2, XBox, XBox360 games due to the x86 arch of PS4 and XBox One.
That in itself is a HUGE letdown as people generally do not wish to have multiple Playstations or XBox's hooked up to play old and new games alike.
Don't know what to do at this point.
I haven't used a console since my SNES, other than about 2 hrs total play time on the gamecube I bought a decade ago. That is, until my wife bought me a wii-U 2 wks ago. Here's a list of some of my pros/cons for it:
PROS:
1. Virtual console offers some older nintendo/sega/other games. Only decent one out right now is Super Metroid, but there are more in the planning stages.
2. The handheld gaming pad is ridiculously cool. I often sit in the living room with my headphones in and play the wii u on the gamepad while my wife is watching (insert name of soap opera of choice here).
3. Streaming on hulu/amazon/netflicks/etc is similarly great. Yes, I know that it's about time that I joined the 21st century, but I had been watching all of my amazon movies/series on my computer monitor before. Now I just hit a button and watch them on the 60" plasma. Winning.
4. Backward compatible with Wii games.
CONS:
1. Virtual console is VERY limited at present, with only 15-20 older games available. The old Wii VC has about 400 games. If you have an old Wii then you can transfer any VC games over, but if, like me, you don't, then you are SOL. There are 5 zelda games and a couple of others that I would like to download onto the VC, but I don't want to have to buy an old skool Wii to do so. I could be the only person in the universe with this problem, however, and it seems highly likely that games like zelda, zelda2, ff3, etc etc will end up on the Wii u VC as well eventually.
2. Even if I do break down and buy a Wii to download the older games onto the VC and then transfer them to my Wii u, I won't be able to play the old Wii VC games on the game pad screen (ie, I'm screwed if wife is watching "As the World turns around the Bachelor's General Hospital").
3. Very very limited library of games right now. No wii sports, which was uber-popular on the wii. No zelda game. No donkey kong. No metroid game even in the works. However, there are lots of games like Zelda and Wii sports coming in the next few months, and by xmas this issue should be quite a bit improved.
4. Not any more powerful than current edition PS3 and xbox360. EA recently announced that they are not working on a single game for Wii U.
Generally, I'd say that I'm satisfied with this, but at least in part that's because I can catch back up on my older nes/snes games, and, eventually, get a bunch of those more recent zelda/metroid/etc games from more recent consoles that I missed. Also, when I want "real games", I can just jump on my PC.
Feel free to pm me if you have any other questions about it that I didn't address.