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I think Nintendo should release the N6 or 'Super Wii' or whatever it will be called around about early 2012, at that point it's last big hitters will be released (Zelda SS, Dragon Quest X, etc).  I also predict it will be the first home console to market, with the 720 and PS4 releasing slightly later.

I think that the Wii will remain the market leader for the rest of the generation and will be seen as the winner of the 7th gen in years time.  However, I  believe that we will never see the level of Wii dominance witnessed in 2007/2008 again