While the official Wii press release today made no mention of DVD, Nintendo VP of marketing has confirmed to IGN that Wii will not include DVD playback. From the article: "Nintendo of America's vice president of marketing and corporate affairs, Perrin Kaplan, confirmed to IGN Wii today that its forthcoming Wii console will not play Hollywood DVD movies. The decision to remove the functionality was made in order to deliver the machine at a cheaper cost and because most people today already own DVD players."
You mean to tell me I finally have to buckle down and buy a DVD player?