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1) Supply issues. If Nintendo could meet demand, John Lucas's predictions would have come true. 

2) Delaying launches in other regions. If Wii Fit and Super Smash Bros Brawl had a simultaneous launch, sales would have been much bigger.

3) Pissing off hardcore gamers. The loyal Nintendo fans that were with them during the hard times of the N64 and GC aren't receiving any games. If this continues Nintendo will lose the Wii owners that actually took out Wii Sports from the optical drive.