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I have always questioned the Wii's longevity and been shot down for it on most occasions. I guess we'll see, this years holiday season will be telltale of which peaks have been reached and not.
There is still lots to be done by way of price cuts etc but the Wii was very cheap to begin with and doesn't have the same leeway in that it is pretty much already at mass market price (which has surely contributed a lot to the staggering sales thus far).

Time is the only prophet in this but I do believe OP is on to something at the very least.