E3!!!

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Wii will be the final nail in the coffin for Nintendo.

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Highly unlikely. In a market that is saturated w/ graphics over game quality, Nintendo has decided to choose innovation, a route Sony nor Xbox 360 chose to follow. For this, Xbox 360 and PS3 show nearly no innovation. They're only change in the functionality of the system, is the quality of the graphics. The market needs change and not just minimal improvements. They sacrificed cost in order to make these small changes to the system giving Nintendo a huge stronghold on a large percentage of the market. Both systems in release will cost at least double what the wii costs. There is no way it could do poorly, unless they severely screwed up w/ the innovative controller.
Yes 360 and PS3 have many avantages over the wii but economically speaking there is no way the wii could do poorly. Cost is a huge aspect in choosing a system, and the 360 and ps3 chose to ignore this, I wouldn't say this is their downfall but it will allow Nintendo to acquire a large percentage of the video game market.

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This was their model for the Gamecube.

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The price gap will be much larger; the gamecube was not significantly different from the Xbox or PS2. I.e. it had no features that set it apart.