Apparently Nintendo is offering up replacements now.
Source g4tv.com/thefeed
QUOTE
Broken plasma TVs, shattered windows and black eyes have prompted Nintendo to recall the infamous weak Wii straps from 3.2 million of their next-gen consoles.
According to their official site: "Nintendo is offering to replace the original version of the wrist straps for the Wii Remote with a newer version. Because Wii consoles shipped starting in early December already utilized the newer version of the strap, you will need to determine which version of the strap you have before ordering a replacement."
Here's the link for the replacement:
http://www.nintendo.com/consumer/strapreplace.jspI guess the difference is this:

YOU GET A LOOSER WIRE. WOOO.