Well, you can't really consider it the next gen, just hardware upgrades. From what has been released, the Xboxwhatever doesn't even look like it will be able to play modern PC games, let alone at 1080p without cutting more than a few corners. I don't even know if Sony will have enough money to produce another console.
The headline you guys chose is misleading, it doesn't mean that Nintendo is actually losing money, but rather the money that they are receiving is worth less because of the absolutely horrible state that the US dollar is in right now.