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 There is hope yet:

 

http://wii.ign.com/articles/867/867498p2.html

http://wii.ign.com/articles/874/874796p1.html 

From the first article(quote by a developer of the game):

"Most of the games on the Wii look like crap. We want to change that, so we've invested heavily in our Wii tech over the past year. We have real-time normal mapping, reflection and refraction, post process full screen effects, real-time shadows, projected lights and textures, specularity and fresnel effects, emissive and iridescent materials, interactive water, morphing, and much more all running with a rock solid frame rate on the Wii. Our goal is to be the most technically innovative Wii developer on the planet."

At least somebody is making an effort.  I do plan to get this game, whenever it's released.  Last I heard there is not a publisher for the game yet.