Here's my two cents:
Personally, I see the Wii as a repeat of the DS. I bought a DS after seeing the potential it contained, only to find myself extremely disappointed when the only games worth playing were a port of Mario 64 and Castlevania. I ended up selling my DS, only to find myself extremely regretfull as about that time Nintendogs suddenly became a huge hit. A few months later, game announcement after game announcement started flooding the Internet. Fast-forward to today, and we see that the DS has an extremely diverse collection of great games to choose from.
So let's keep that in mind as we move on to my next point. Let's examine where the Wii is, approximately 4 months away from it's one-year anniversary. 1) You cannot even find the darn thing anymore 2) It's gotten more positive press than any console I have ever seen 3) It is doing all of this with supposedly "outdated" hardware. To be honest, not many developers had faith in Nintendo. After seeing their showing with the Gamecube and their new name for the system, the Wii, developers didn't really have much interest in investing with the console. Thus, when they saw that it was going to be a success and that they had the opportunity to make money, they made quick cash-in games full of mini-games and watered-down ports (I'm looking at you Ubisoft).
The problem with your post is that it reeks of impatience. I was impatient with the DS and I regret selling it now. If you know anything about good business, you know that establishing your brand name is the first step in introducing newer products. Had the Wii been introduced in Japan before the DS, I doubt that it would have had the same success it is having right now. Nintendo is actually playing the smartest cards at the moment. They are expanding their market share, and market share means that dollar signs will begin to appear in the eyes of developers. This allows them to take a bigger risk without worrying about losing money. If the paying audience is big enough, you can afford to take a few more risks because you know that even if you perform poorly, you will still get paid.
And this is where good games will begin to come. This is where Sony secured its place as winner in the last generation: Market share. The more diverse the audience, the more diverse of a product you can present. Right now, Nintendo is targeting the biggest market of them all, the casuals. And yes, right now it sucks to be a person who owns a Wii and enjoys a good epic game, but just wait, and I promise they will come. I am an economics major, and I can tell you for a fact that more market share is great for the consumer. Even if you cannot see how it will benefit you now, it will.
I will end with this: How do you think that a book series like Harry Potter becomes so popular? Easy, it appeals to every kind of individual. Anyone can find something to enjoy with it. Nintendo is right now playing a very delicate balancing act, but in the end, they will find the right balance where everyone is happy. I can assure you that.
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