Edit: This quote is inaccurate.Ah, here's the full quote.
Q: Wii U — you're not pursing aggressively. What does this say about consumers adopting next-generation consoles in the future?
A: Never count Nintendo out. They have great IP. You will see a bounce when they bring these IPs out. We see no correlation between Wii U sales and what we expect from other next-gen consoles, can't talk a lot about that though. What we describe as "Gen 4" is yet to come. We're excited and investing in it.
They said "other next-gen consoles." Which means they consider the Wii U next-gen. Complete and utter news fail.
"Gen 4" is probably referring to their titles or something, like "Gen 4" of Battlefield or MOH.