Wedbush Morgan’s report on the videogame industry seems to be the gift that keeps on giving. Yesterday, we spoke about how Pachter predicted that Sony would surpass the Xbox 360 in six years’ time, and today we have another nugget of gold from the analyst’s massive document — talking about how a hi-def Wii could seriously hurt the PS3’s comeback chances.

“In our view, if Nintendo can offer such a device by year-end 2010, it will be in a position to seriously damage Sony’s chances of a comeback this cycle,” claims the report. “We would expect publishers to support such a move, given that the cost of porting an Xbox 360 game to the new Wii Plus HD format would likely be lower than the cost of building a ground up Wii game (we estimate under $5 million).

“Should Nintendo be able to convince publishers like EA and Take-Two that the Wii Plus should be supported by the entire EA Sports catalog and by the next installment of Grand Theft Auto, it should be in a position to successfully convince consumers that the Wii Plus is the last console they’ll ever need to purchase.”

I’m sure many more stories will come out of this report, which is currently being scoured by bloggers all over the Internet for more crazy quotes from the industry’s greatest guessworker. What do you make of this one, though? Would Wii HD take the wind out of Sony’s sails, and would it mean we’d never need another console?

source Destructoid