"Mukaitouge-san, who is the producer of the first one, basically said that the DS title will be the next direction for the next DS experience. The first Wii game will be the story and the starting point for the next Wii game. There will be two stories that happen in tandem, one on the Wii and one on the DS. They will overlap with characters, environments and things like that, but each platform will have its own experience".
I don't think 'storyline' was one of the game's strengths to be honest, but I wouldn't mind seeing a sequel.
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Wii's World is not officially affiliated with Nintendo! (but they wish we were).