There has been a lot of negative news floating around the Internet this morning, most of which is either mis-translated or just plain fiction. Therefore, Cubed3 has the definitive answer on the issue, straight from Nintendo, stating that the massive recall that is being banded about is not true at all.
"There will be no product recall. There is no problem with the wrist strapas long as the Wii Remote is used sensibly and properly in accordance with the guidelines provided by Nintendo. However, we will be providing replacement wrist straps free of charge to consumers who request them. Consumers who break their wrist straps and consumers who are worried about their wrist strap they should contact their nearest Nintendo Service Center."
And for those wondering why some wrist-straps are indeed being replaced, here is another tidbit for you to mull over, again courtesy of Nintendo:
"Even though the original straps are perfectly adequate for normal play, we can