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Fanboy dev confirmed.
First off, his numbers are totally unrealistic. Unless he got one hell of a crappy publishing agreement where he got like 5% royalties on a Wii game, there's no way you'd only make that kind of money.

It should also be noted that the games he's worked on that came to the Wii were mediocre ports, he hasn't even tried to make something worthwhile.

I'm not even going to go back into the cost of HD development vs SD development, I've said it waaaay too many times. He seems like a very "green gill" dev with little introspection into the industry. He reminds me of the guy that said the Wii is "2 gamecubes duct taped together"