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The Nintendo Seal of Quality for NES games was pretty meaningless. It basically meant that the developer had paid for a license to publish the game. There were some pretty awful NES games with the seal, and a handful of good, unlicensed games without it.

IMO, if they brought this back (and assuming they tried to make it meaningful unlike the original), it would only harm their relations with third parties.  The (false) impression right now is that Nintendo is the only company that can succeed in making games for the Wii.  If they start imposing standards for developers to meet, it will just further the impression that it's Nintendo's way or the highway on their platform.