Why would they make less from sales? The Wii installed base is huge, much larger than the PS3 at the moment, with Monster Hunter fitting fairly well into the standard Wii audience.
I imagine it was just a case of how similar the Wii and PS2 are at a technological level. Using a slightly modified engine with similar graphics is a hell of a lot cheaper than adapting it for Cell and rendering it all in 1080p. Capcom as a whole have made made a proper next-gen effort with games targeting the main gamer audience, so it would only be a few games like this that potentially don't seem worth the major upgrading in their eyes.
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