Yes. Classics can sometimes help me overlook but I find it very hard coping with how terrible those games look now.
Now, the Wii would have proven that graphics don't matter so much if most of their owners were not drooling soccer moms and 8 year olds who don't know that there is such thing as games that look good, so their ignorance discards them as a credible source. Try telling me that even the best looking Wii titles, like idk...Super Mario Galaxy, look as good as, say, Gears of War on my high def monitor hooked up with an HDMI cable and I'd probably have zoned out and gone to play some Gears before you finished your sentance. So to the millions of Wii owners maybe it doesn't matter, but I'd say it does to most of the 360/PS3 owners.