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Obviously the Wii isn't a Next Generation console, it is almost 2 years old and we're almost 3 years into the current generation ... the "Next-Generation" begins sometime between 2010 and 2012 when the console manufacturers release their next systems.

Beyond that, even though it is not as technically powerful as the other consoles it is in direct competition with the XBox 360 and PS3 for consumers and developer resources and is (so far) winning because neither the PS3 or XBox 360 are nearly as advanced in terms of a user interface as the Wii is.