I the worst case scenario, it's safe to say that the Wii will have atleast 20 millions consoles sold by the end of 2008, and even if the sales come to an absolute halt after 2008., 20 million is still a more than enough to interest 3rd party developers in developing for wii. Lower costs and shorter developement time will even give the opportunity to smaller talented dev teams. Besides, i'm sure that Nintendo will be the first who will be able to lower the Wii price down to 100$ if the sales go bad, and that would virtually turn any better game into a system seller.
I guess the current issue with 3rd party Wii developement is the lack of knowledge of getting most out of the hardware. I'm sure that nintendo keeps some stuff to themselves, so their games wouldn't be graphically overshadowed by some 3rd party game. I'm sure that with time this will change as devs will be putting more time and effort in getting around hardware issues and limitations.
The thing that Wii currently needs from 3rd parties is a GTA spinoff game announcement and an announcement of a lightsaber oriented SW game.
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