Now that they are putting a handheld out with graphics nearly reaching the Wii's and now that Sony and Microsoft are starting to release there (and let's be honest here)  superior (probably) motion things is it time Nintendo announce a new console? 
Or is the wii still selling enough? 
Hell do I know business... 
What do you think?

Nintendo is in a better position than Microsoft right now imo

I don't think the 3DS will be that close to the Wii.  
And considering they are releasing enough games with "hardcore" characters to last at least another year, no way they would throw away their current install base. 
 
Maybe a few more bundle deals, or possibly a price cut. 

I think the piles of money that are coming down the pipe whenever the 3DS is launched will help fund Wii 2 development for maybe another year, but it is hard to imagine where they go now with the kinda dusty looking Wii. The only games that really impress visually are those that take a unique visual style (Kirby Epic Yarn might be the most beautiful looking game I've seen for a while), and in a year of shooter overload, Goldeneye looks embarrassingly dated. I suspect that next year is when we'll hear the Wii 2 announced, and that 2012 is when it will actually be released. But who knows where the PS3 and the 360 are in two years time?

" I think the piles of money that are coming down the pipe whenever the 3DS is launched will help fund Wii 2 development for maybe another year, but it is hard to imagine where they go now with the kinda dusty looking Wii. The only games that really impress visually are those that take a unique visual style (Kirby Epic Yarn might be the most beautiful looking game I've seen for a while), and in a year of shooter overload, Goldeneye looks embarrassingly dated. I suspect that next year is when we'll hear the Wii 2 announced, and that 2012 is when it will actually be released. But who knows where the PS3 and the 360 are in two years time? "

" Nintendo is in a better position than Microsoft right now imo "

I don't think Nintendo is in a position where they need to release a new console, and it wouldn't make sense to either. If they're just making an HD version of the Wii, then it would have to compete with the PS3 which is now essentially a 3D HD Wii which would have an advantage in install base. Wii's biggest advantage right now is it's price point, and by releasing the new console that (most) people seem to want out of Nintendo (which is an HD Wii) they would lose that advantage and Nintendo already know from the Gamecube they can't compete in that situation because Nintendo have always been their own best developer and had relatively less 3rd party support. They always have to be different to survive, so unless they can think up something else that's different we'll probably be stuck with the Wii for a while. But I also think that when they think up something else, it will probably be added into the Wii rather than made into it's own new console since the Wii has become like a sandbox for Nintendo.  
 
If they can't think up any new weird ideas to be different, I think the next chance they'll take to release just a straight up HD Wii with more features will be when both Microsoft and Sony release their new consoles and everyone starts on an even playing field again.

They really don't need it. If you want HD gaming get an HS console. Play what people are making for the Wii, and play the 3DS. They'll make all the money they need on the Wii and 3DS. Miyamoto's said already that he'll upgrade when the current system is incapable of doing something he wants to do. So it'll be powerful when he upgrades, but he won't upgrade just for the power. He didn't upgrade the DS just for the power, he waited until he could get 3d tech working.

" @xaLieNxGrEyx said:

" Nintendo is in a better position than Microsoft right now imo "

Nintendo is in a better position than everyone.  They are making the most money and that's what it's all about. "