Well, it's part of the reason. Developers could easily (relatively speaking) port from PC to 360 to PS3, whilst they had to make significant cutbacks to port to Wii. A little bit of extra power and programmable shaders on the Wii GPU would probably have gone a long way to satisfying third-party devs.
It probably did have some influence but that's definitely not the major reason. 3rd party developers fled Wii because their traditional public massively shifted to PS360, that's why.
And yes it is likely to repeat with WiiU (considering what we know so far, it may well change after E3)
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