Why Japan didn’t create the iPod
blog.gatunka.com
blog.gatunka.com
I think maybe it's along lines of the fact that Apple is the type of company to create an object that you kind of revere for how it makes you feel to own it rather than for what it does for you. For example, the N64 controller is the definition of ugly, but it was a great step forward in controller design. I can't see Apple releasing anything ugly or uncool looking, no matter how advanced the technology or the ideas behind it.
As for ugly Apple products, there are probably some out there that qualify (mostly non-Jobs stuff)...
http://en.wikipedia.org/wiki/Apple_Lisa
http://en.wikipedia.org/wiki/Macintosh_II_series
http://en.wikipedia.org/wiki/EMate_300
http://en.wikipedia.org/wiki/Twentieth_Anniversary_Macintosh
Looking at modern Nintendo products, it's really hard to say that they're not aesthetically pleasing