Look at the graphs for world wide sales compared to the DS. It's still sold more than the DS had at this point in its lifecycle. Weekly sales have taken a dip, but I think that's really a consequence of the poor late 2008 release schedule. In my opinion, the lack of any really big games has led to a slightly deeper than usual post xmas dip. I'd imagine this dip wasn't expected by Nintendo, and they were hoping for more success from Wii Music.
The arrival of a couple of mass market (whether casual or mass gamer appeal - it doesn't matter) titles will push things back up again. Monster Hunter 3 should do that in Japan. Wii Sports Resort will likely do the same across the whole world. The release of a sizeable number of limited appeal games of decent to excellent quality (Madworld, The Conduit, Little King's Story) will help to stabilise, but won't cause any new surges.
I think that there's a lot of doom-mongering for the Wii across the internet that's largely based on the misinterpretation of a slowing in sales that's only slightly greater than to be expected at this time of year. There's no cogent reason to think that this increased slowing is evidence of some catastrophic collapse in sales for the Wii. Those making that kind of claim appear to simply be indulging in wishful thinking*.
* Please also note the wide misinterpretation of recent Tie Ratio data for Wii and PS3 that fails to note that the reason for the drop in Wii tie ratio and the climb in PS3 tie ratio is nothing to do with a change in software sales, but is instead to do with an upswing in Wii hardware sales and a decline in PS3 hardware sales.
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