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From my personal viewpoint, no.  My wife and I get enjoyment out of our two systems almost every day.  Just picked up Xenoblade, so I know there are at least 50 more hours of enjoyment coming my way just from that game.

Sure, there are plenty of people that have a wii and it's a back burner system for them, but I think that on the whole...there really isn't much to be dissapointed about.  The slowdown in game releases and also in sales comes with a just in time release of a new console to keep things fresh.  works for me.