I think this topic has merit in the sense that instead of creating something new with HD graphics they tend to stick with the tried and true.
You could make the same argument about Nintendo and their franchises. Instead of creating new IP they stick with the tried and true - Mario, Mario Kart, Smash Bros., Metroid Prime re-release, New Play Control re-releases, etc. Of course, the counter-argument to that is the new stuff they've done like Wii Sports/Resort, Punch-Out!!, Wii Fit, Wii Music, and a bunch of awesome (and original) DS games.
My point is that this all feeds into a stereotype that reinforces what you don't like about the other consoles. So what if you don't like first-person shooters? Just ignore them. They aren't made for you anyways, just like Nintendo games on the whole aren't made for some people either. This entire thread is fanboy troll-baiting, and it gets so old. You could go to a PS3 or 360 forum and see a thread just like this turned around on the Wii, with the same hyperbolic arguments and blanket statements.
Stuff like this just drags down the atmosphere of these forums...that's why I don't like it.