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I think my grandchildren will still be debating when the Wii will slow down. Just kidding.

I think it's going to have legs for a long while for three reasons:

1. Nintendo hasn't had a single price cut and they've made money on every unit sold so they can drop the price if sales begin to lag
2. I believe the interface is ingenious and is dramatically expanding the pool of console buyers
3. Nintendo doesn't have to worry about their biggest developers abandoning the platform... they are their own biggest developer