So instead of coming out with an actual "new console" they come out with what is more appropriately described as a peripheral meant to compete with Microsoft and Sony's system upgrades. It makes a lot more sense than what I was thinking would happen. Nintendo gets to release new hardware without exposing themselves to being severely outclassed by their rivals next console. It's good to know that I don't have get this thing to play Skyward Sword, as I would have skipped out on it otherwise. Guess I'll have to wait a little longer for the death of Nintendo by their own incompetence, oh well.
Edit: Wait, I know that this new controller has HD graphics, but does this mean that the Wii itself still puts shitty graphics on my TV?
Update: OK, I got an answer to that question, so there is no need for any more clarification.