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I believe it wouldn't be out of the realm of possibility to see a new xbox in 2010, I doubt a new wii before 2011.

MS might have to worry about sony with a hard drive in every console, blu ray internal drive, and the possibility that ps3 games will be able to blow 360 games out of the water in the near future (though, at this point, still yet to be proven). The 360 is selling at a steady rate (5 mil more consoles sold after 2 years then the xbox), but MS is aggressive and could very well release a new console in 2010

When you announce a new system, you affectively say you don't care about the old one. Why would nintendo axe the fastest selling console of all time after 4 years (or 3.5 years if you figure in that it would have to be announced at least a half year before hitting shelves). Plus, wii's are already so cheap to manufacture (probably under $200 by this point), that nintendo has to be making a killing off hardware sales alone.