Is it ready that hard for Nintendo to get a better GPU from ATI, which is capable to upconvert to HD quality? There are emulators out there for the past year or two, which take existing Wii games, and output the graphics in HD resolutions, looking cleaner and significantly sharper than the standard console.
Taking into account the GPU it's using dates back to 2006, it shouldn't be hard for Nintendo to get an equally as cheap GPU, which is significantly more powerful and runs cooler, due to the large advancements that have been made since then in shrinking die sizes and power requirements.
I am rather disappointed in Nintendo. The could probably reengineer the chipset(s) in two weeks, and have a production line retooled in half the time as well.
Sony keeps improving their PS3, which has gone though several revisions, different chipsets, shrinkage in die sizes and power requirements, smaller cooler parts and casings, and large price drops over time.
Nintendo's formula worked great in the past, but in 2010, people are going to be completely put off by these decade old hardware, graphics, and the very slow trickle of decent games.
Nintendo needs to stop riding the money train, as it will soon reach its last stop, and they will be completely unprepared for what's beyond that.