Taken from IGN:

US, June 28, 2008 – Nintendo’s planned DVD-ready Wii system appears to be on hold at the moment. The morning edition of the Nihon Keizai Shimbun reports today that at a stock holder meeting on the 27th, company president Satoru Iwata said of the device, “With supply constraints [of the Wii] continuing worldwide, the priority is on the current model.”

This updated Wii system has been mentioned by Nintendo before only in vague terms. The firm originally suggested a release date of some time last year.

Nikkei also reports that at the same stock holder meeting, Nintendo revealed plans for a retail release of the DS’s 1seg tuner peripheral this July. The device, which allows Japanese DS users to view digital television broadcasts, is currently being sold exclusively online.

Wait what….I have heard rumors about this and Nintendo doing there whole jogging around the question when asked about it, but I have never heard any confirmation about it.Well I guess here it is.