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I don't think Wii has failed. I actually think Wii has done better than X360 or PS3 as a gamers console. It has done what a gaming console should do which PS3/X360 failed to do completely. The Wii has introduced a new form of control and hence a new experience while expanding the videogame market and gaming population - excatly what a system should be doing.

I also think it has a great library of games, matching in quality if not quanity of what the other two systems can offer while having much more diversity.

The Wii might not be perfect but I think it would be a shame if such an important (to both gaming in general and Nintendo themselves) and fun system was disregarded and forgotten.