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According to IGN, it is official that factor 5 is developing a game for the Wii.

 

"Official: Factor 5 Back on Wii
Company president confirms that it's making at least one non-Virtual Console project for Nintendo's new system.

January 14, 2008 - The maker of the hit GameCube series Rogue Squadron is back. In a phone conversation with IGN Wii this morning, company president Julian Eggebrecht confirmed that the studio is underway with at least one all-new Wii project -- and it's not a Virtual Console game. Beyond that confirmation, Eggebrecht was mum, but he did note that the new title would not simply re-use old Rogue Squadron tech; whatever it is, significantly updated or even completely new tech has been developed to help accommodate it."

http://wii.ign.com/articles/845/845353p1.html