As to what Skipper said, you are mostly right, but got one thing wrong. I'm not exactly clear on this because I've heard two different things, but the Wii will definitely be able to play DVDs. The part I'm not clear on is I've read that you are gonna need a small add-on attachment and I've also heard that it will be able to play DVDs right out of the box. I'm pretty sure I heard the former from Nintendo but can't remember. The rest of what you said those is all correct. Miyamoto said that the next Nintendo console after Wii will have HD graphics, because by then a lot more people will have the HDTVs. Of course, I think Nintendo might have something up their sleeve so it's not just an upgraded Wii. I think they might try and come up with another innovation, if they can make it affordable for the users. If not, I agree with what you said.
All I knw though, is that I can't wait until the Wii is released.
-Shark2k