Wii isn't even out yet and a Video converter for the Wii is already out. Basically it just convert your avi, divx and mpeg format videos to special Wii format so you can watch it on your Wii by storing it you SD card. So for the guys who are complaining about DVD support, get a big $$ SD card and convert your DVD's.
Wii Video 9 - Wii Video Converter
GO! Those Pokemon collection of yours don't convert themselves you know!