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Considering the PS2 has sold ~24million in Japan, I think Wii has a bit more to go to over saturate the Japanese market.

Nintendo isn't stupid, they just know that once they do something in one market they have to put it in the rest. This means they really don't want to cut the price in Japan to spur sales, as that would push them to cut prices in other markets as well.

So, more realistically we'll see new colors coming out soon and a heavy push to get some Japanese centric games out. MH series won't come soon enough in my opinion. Also, probably a big Pokemon game would be great.