Eh, how did Sega have no money for it? They did introduce the Dreamcast you know, it was next gen at its time… And so was the Saturn… And they had pushed other failed consoles before the Saturn so they had wasted money on top of that… Sounds like they were more than capable to me.
As for Nintendo, they did introduce the N64. Sure the cartriges were a bad choice in some ways (and in others were awesome, namely loading times) but the console overall was next gen at the time in my opinion, even though it didn’t manage to compete with the well established last-gen consoles (and didn’t even last until the next generation after that).
And what about the GameCube? It didn’t really lack in anything compared to the other consoles of its time. Better than a PS2, worse than an X-box. Add the price and it was competitive in every aspect.
It’s not like Sony’s consoles haven’t had short comings in many areas, so if Sony is good to go despite the shortcomings of their past (and more than likely future) systems then why is Nintendo different?
As for the R&D money Microsoft and Sony spend, well, maybe Sony spent a lot on the cell cpu but don’t all of them (including Nintendo) use the technology of established firms for the components? IBM, Nvidia, Ati, Intel, AMD, whatever they use. I don’t think any part is 100% new, rather based on some existing chip by one of those companies and modified for the needs of a console. How fast the chip they’re based on was is a different matter, it still existed already and was modified for a console so probably similar amounts of money were spent for all consoles R&D, including the Wii. Researching something that will be sold relatively cheap doesn’t mean the actual research was cheap too.
Finaly, well, your hatred for Nintendo is known and I don’t really care to argue about that at the moment, I’ll just say that next-gen has become very subjective for this round thanks to them and I’m certain they had to spend quite a sum to develop what they have developed. Whether you like it or not that’s your business, but many do.
But I guess unless we actually get some official numbers on how much each company spent on everything (and then objectively how well spent each was) we end up simply doing speculation and using it to either fuel flames or counter them. With no real value in either case.
PS: If you were reffering to the HD, Blu-Ray and what not deals I’ll say that those are neat (I guess, for some) but that as far as a GAMES console is concerned they are not significant. And Sony certainly didn’t spend the money for Blu-ray in order to make a better games console.