Its interesting the number of times Sony, PS3 AND Microsoft and XBOX are mentioned in this thread, yet both platforms are not leading either the home or portable console markets. LOL!
FWIW, Wii is great: enough superb Wii exclusive games, innovative control system, can play some cracking Gamecube games that I own, I can download some of the best-in-genre from the 8-bit, 16 bit and 32 bit console generations, plus homebrew. And 480p with component cables looks good enough to me, and makes the older games look better than on the original consoles. For me its gameplay that matters anyway, but I've seen some Wii games running in Dolphin at 720p, and the game textures look every bit as good as PS3 and XBOX, so its a hardware limitation of the Wii, not a software one. If Nintendo brought out a 720p version of the Wii, all the graphics whores would jump on board and kill off both Sony and MS.