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Mario games are hugely popular and sell hugely well but having only one franchise people are interested in isn't enough to support a console.
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I think you're seriously undervaluing Nintendo's established franchises, both in power and number. This list is off the top of my head, but:
Mario (Not including various spinoff franchises such as Mario Kart and Mario Party)
Zelda
Metroid
Donkey Kong
Kirby
And these are all just first party titles, and franchises that have been with gamers for at least 20 years. Practically established household names. I may have even missed some.
Sure, Mario may not have the rugged toughness of Marcus Fenix or the manly mystique of Master Chief, but gaming can only survive on testosterone, violence, manliness, and whatever else it is that people aged 14-20 think is cool for so long. Practically every exclusive in Sony or Microsoft's lineup is a recent creation, borne out of this lame trend of catering to idiots who just want to kill and blow shit up. I seriously can't imagine that these franchises will last forever, nor can I imagine that gamers will want to sit through the same monotonous killing games forever.
The reason the Nintendo creations are so wildly successful, both critically and commercially, is because they cater to everybody. It's the same reason why they have such staying power. I played Mario games when I was 5 years old and when I was 25 years old, and they've always been fun, fresh, challenging, and exhilarating. Nobody makes games like Nintendo. You can dislike them all you want (which I still don't understand), but to deny their quality and power is just insane.
There's nowhere I can't reach.
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