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The shift of support away from Nintendo happened over a long period of time (over the SNES generation and the first 18 months of the N64's life) but since most of us weren't paying attention it seemed sudden ... A shift back to Nintendo is happening at a slower rate, but since we're paying such close attention it seems to be going even slower.

If you look at the kind of third party support the Wii had at E3 2006 and 2007 compared to what it has already received (and what it could potentially receive) at E3 2009 it is clear that there has been a major shift towards the Wii.