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I don't think many people care THAT much about HD, sure more than half of the people will have one, but I highly doubt they would refuse to buy a Wii just because it's in 480P (heck I have an HDTV and that didn't stop me from buying a Wii). If people really cared about how powerful the hardware was, Wii would have been behind at launch, more HDTV adoption won't change that.

HOWEVER, when Nintendo releases it's next console (2011 or 2012 is my guess), there will be a large HD majority worldwide, perfect time to support it.

I would be surprised if the next system was not 1080P.