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WiteoutKing said:
If Nintendo's going to upgrade the system, it's going to be cost-effective, the last thing they will want to do is raise the price of the Wii.

The only things that really seem like they'd be effective improvements are:

DVD support
USB Mouse and Keyboard support (primarily for Internet Channel)
Wired internet connection (for people without the USB Wireless Connector)

 Wired internet connection is already an option (via USB to ethernet)

Adding a hard drive seems like the most likely option for an elite model.  I could see dropping the price of the current one and continue selling it, and having a hard drive version at the existing price point.  There are already people who filled their internal memory with VC games, and it should be something that most things can use internal memory or hard drive or sd for storage.