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Veggie said:

The only thing holding Nintendo from the majority market share is the fact that it isn't HD. I bought a Wii on launch day. A year later I bought a 360 because I wasn't able to play games like Call of Duty 4 or Assassin's Creed. The main weakness of the Wii is how much it compliments a two console set up. If Nintendo were to release an HD version that was on the same level as the 360 or PS3, then it would be able to truly pull away from the competition. Square Enix would jump at the chance to put Final Fantasy XIII on the Wii. Capcom would put Resident Evil 5 on it. We'd see Bioshock and Assassin's Creed and Metal Gear Solid. And guaranteed profits for any company involved. The only question would be when is the best time to release a Wii HD? And when will Sony and Microsoft release their next consoles?

I disagree. 

It is relatively easy to downgrade a game's graphics. PC games lowest and highest settings often have about a console generation's difference between them, and it is an obligatory part of any PC orientated game. Even multiplatform games have this to certain extent. 

The true barrier is the Wiimote. Every HD game is also designed for a radically different gameplay. Visuals can be changed. The whole gameplay can't. 

This is also why PC gaming is dying. The exclusives work perfectly, but simply applying the controller-orientated gameplay to the keyboard, doesn't work.