I think the problem is, that it doesn't have that special game, you know, like Wii Sports. The Wii sold itself with Wii Sports whatever the price was, whatever the controls were, whatever the graphics were.
Look at the Gamecube, it didn't have any game that were revolutionary like the N64 first 3d games and didn't sell good at all. Sure the N64 didn't sell that great either, but you have to take into account the big economic crisis that hit Japan at that time, so marketing budgets were on the low side, plus the fact that the games were more expensive.
All that Nintendo has to do is release a crazy innovative title using the gamepad implementation and market it like crazy: something fun and easy to pickup and play, it must stay simple and straightforward in its core gameplay. At the moment, people don't see the use for the gamepad like the Wii remote was for the original Wii.
(Nintendoland is pretty hard to explain to the average consumer, it could be easily misinterpreted as something you can find on the iOS shop. Not saying it's a bad game.)
Once they manage to make such a game, that is when we will see Wii-level sales.
Until then it will have a hard time to sell greatly. I can only see gamers and a few families buying it, not the market the Wii was able to reach.