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I'm a huge supporter of the Wii but the answer is clearly 'No' but as I stated elsewhere, Wii was never intended to last 10 years.    All other generations were 5 years long, and Nintendo moved forward on the basis that this gen would be 5 years long too.   Proof is in the pudding.    Back in '05 Nintendo seriously considered HD graphics for Wii but ultimately declined based on the low penetration HD had at that time.   They reasoned it wouldn't matter really until the start of the next generation which would then have to be HD.

Based on a 5 year plan that would put a new Nintendo console out in Nov 2011.  HD for sure but what else it delivers we can only image.

Despite MS and Sony retoric about Move/Kinect giving them another 5 years they'll be forced to respond with new consoles of thier own by 2012 or else Nintendo will run away with the next gen (almost) uncontested.