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Remember that the motion control for the Wii was developed long before the GC was released (maybe even before N64) but at the time it was considered far too expensive for the mass market - Nintendo didn't want another power glove or virtual boy on their hands.
I suspect Nintendo will release a backwards compatible Wii2 fairly early next cycle but continue support for the Wii so they don't lose 3rd party confidence like Sega did with the Saturn.
As for using HD-VMD - why would they do that? That optical format is about as useful as UMD.