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Damnyouall said:

Most likely. The noveltey has worn off a bit, and the (graphically weak) hardware is showing its age (painfully so, compared to PS3/360). I think most people who ever wanted a Wii have one by now.
Additionaly I get the feeling that many Wii owners are starting to buy HD consoles because they are dissatisfied with Nintendo's software flow AND want better graphics.

Still, the Wii is close to outselling both consoles this year. I think it is a gimmick console with only a few must-buy games, but a lot of people are buying it because of the motion-controls. 



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