I voted yes.
Iwata should be fired (if Nintendo is not seen as successful) because his views on the market and Nintendo are solely responsible for where the Wii U is today.
Iwata believes that 3rd party developers are not a necessity and only serve to fluff the game catalog of console manufacturers. Therefore, there is no aggressive effort in getting 3rd parties to develop on Wii U.
Iwata believes multi-platform games are not good. He wants Nintendo to have as much unique software as possible in order to draw customers to them. He doesn't really want multi-platform games on his console, it doesn't distinguish Nintendo from the rest. This, again, tells me that he does not care to make sure the Wii U has the largest and most varied library it could have.
Iwata does not understand the western culture and it's interest in more mature specific themes. He does not believe in creating something for 20 year olds and over. He wants to create software the entire family can enjoy. This ensures Nintendo's own games will never go anywhere really new, keeping franchises stale.
Check out this thread http://www.gamespot.com/forums/games-discussion-1000000/the-struggles-of-wii-u-development-31024011/#15
It has a link to this article, which explains the experience an anonymous developer had getting a launch game ready for the Wii U. It is a long read, but very interesting.
Then there's this other article which chronicles the development and lifespan of the Gamecube. Now, this is a very long article, but its where I got my understanding about the way Nintendo and Iwata think.
Sadly, I don't know what this makes me, but I really still love Nintendo's games. I think I'm only upset because I'd love it if I could get all my gaming just from a Nintendo console. Instead, I know its a supplemental one. And that kinda stinks.
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