OK I have alot to say on this topic, being a long time member of the Nintendo Cult... thats what it is, come on if the order was given at a high enough level the majority of Nintendo gamers would take up arms and systematically destroy everything PS, our veiws on the Xbox are currently neutral as it has yet to try and steal titles and we fully endorse them as a gaming alternative.
First although the name has been mocked widely it should be taken into account that Nintendo is not just catering to kids and big-kids. Since the get go they have been aiming for an experience that the entire family can enjoy, hence the name of their original console the Famicom (family computer), also please remember this was in the early 1980's.
Yes I have had great laughs at the various reasons for the name choice, but overall I think it shows something about Nintendo, that they really REALLY believe in this console. You say that no one would read into it enough to understand the name choice aswell as the two 'ii', well then you have yet to meet a proper Jap gamer, those read far too deeply into everything... kinda why they are the elite and why the dislike the Xbox (they believed that much like Lara Croft games and FFX-2 it was an attempt at fanboy appeal... the two X's).
As for my earlier statement regarding the PS situation although it is disliked it is much like the Xbox tolerated, as it has produced some worthwhile titles, and once again the Xbox will never be as popular as either of the two in the Asian market as FPS games are not the most liked, kind of like RPG's in the rest of the world.
But the above two views are Jap my veiws are simplier. Nintendo started it and its up to them when and more importantly IF it will ever stop.
And anyway nothing has ever come close to topping Metroid, Zelda, Pokemon, FF games up to 7, Secret of Mana, Excite Bike...
Thats me ranted now feel free to tear away at it.