If you already have a 360 or a PS3, Netflix on the Wii isn't a reason to buy one. If you have a 360 or a PS3 as well as a Wii, it's not a reason to use the Wii (unless you want to service another room somewhere). And if you have none of the above but want to buy a Netflix compatible, HD-ready console that complements your existing high-def TV setup, your options are Microsoft or Sony, not Nintendo.

Reggie Fils-Aime's response in that CNBC interview:

The vast majority of content that's available for streaming on Netflix is not HD content, so there really is no loss for the Wii consumer, the fact that they can't get any HD content through our system.

Accurate but shortsighted. As noted, Netflix's HD development plans are hardly in stasis. But what's worse, Fil-Aime has to go and conflate two spectacularly different forms of entertainment:

The consumer has voted, over 26 million consumers have bought a Wii. So the consumer is saying that the quality of the visual is not nearly as important as the overall entertainment, the overall value of that experience.