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I think the Wii is doing extremely well based solely on it's price point. I can't say it's an engrossing machine, because a lot of games are pretty weak. I do like the Nintendo exclusives and I'm eagerly awaiting Smash Bros.
The concept is pretty neat, but besides Zelda the other games have gotten boring after a couple of days. MS and Sony are still ahead IMO due to innovation and taking that "step forward". I think the PS3 will catch up in due time as better games come out.
As for the HD-DVD vs. Blu-Ray battle I'll still have to side with Blu-Ray. Up until now they have already outsold HD-DVD on a 3-1 margin after only being out a few months.
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