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Two things ...

1) Nintendo is obviously working on their next console ... These are amazingly complicated pieces of hardware, typically with large libraries of code, and have to be 'ready' for developers 18 to 24 months before the system launches.

2) A Wii HD may exist, but it is likely that it would (essentially) just render Wii games at a higher resolution like the XBox 360 does for XBox games (or is possible on PC games if you buy a better graphics card); the hardware changes to make this possible are pretty inexpensive and Nintendo would probably just be waiting for supply to exceed demand, and for the 65nm process to be complete before bothering with this.