Will the Wii have 10 year lifecycle before the new console introduced?

[FightingGameGuy]

You're absolutely wrong and Patcher, who predicts the obvious is almost certainly right.

There will be a Wii 2, an HD Wii, when HD reaches high enough market penetration that the market demands it and that its no longer bleeding or even cutting edge technology.

The first reason is common sense for business.

The second fits with Nintendo's technology philosophy, not to use technology when its bleeding edge, but to use it only once its cost effective. The gameboy and Nintendo's decision not to use Color is a perfect example of that philosophy in action. But in time color became effective and Nintendo made the Gameboy color.

Finally, Nintendo actually makes money on consoles it sells (unlike MS or Sony) so it clearly has at least some financial incentive, assuming a similar business model, to introduce a new console.

Hence,its incredibly reasonable to assume that once HD (1080P, etc) becomes prevalent enough and cheap enough, Nintendo will follow suit with an HD console.

Your reasons are also quite fallacious. Nothing to improve upon? The wii's graphics (on an HD TV, 10-15% of the TVs I believe) are not the quality of those that PS360 are capable of generating. The wii also does not use the newest generation of media (blueray/HDDVD) so when these become practical Nintendo will almost certainly use them in its next console (one case where Nintendo's use old tech failed miserably was with the N64, its only a matter of time before DVDs are effectively as outdated as catridges were then).

Secondly, your ipod model won't work for video games. Games cannot simultaneous push for the best graphics one console is capable of and be backwards compatible with older consoles.

P.S. If you're going to discuss an article please include a link to the article.