Could be. I thought late 2012 for the next console pretty much since Wii released and I still think that is the most likely time.
Though Nintendo could follow their recent pattern of releasing their console two years after their handheld like the DS and Wii, which would mean 2013.
I personally think Wii can last another 2-3 years, as long as Nintendo gets the Vitality Sensor going and starts to actually release an ample supply of motion plus games. They could probably throw in another NSMB game in for good measure to help carry the console. AND they sill have at least two $50 price drops in the cards. There is still much untapped potential IMO on multiple accounts.
Maybe 2012 for Japan, 2013 for the West, since Wii is doing far better in those regions as of late.
