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NJ5 said:

If he means an upgrade to the hardware to render games in HD, he could be right (though I still think it's quite unlikely).

If he means an entirely new console (which is what I believe he meant since the beginning), well...

EDIT - Yeah, he meant the latter:

http://www.escapistmagazine.com/news/view/92800-Wii-HD-Could-Crush-PS3-Comeback-Says-Pachter

 

I think he's referring to a motion sensing DS.

 

To be fair though, I hope they do release a Wii HD.