Is the Wii capable of displaying 3d? (Red and Cyan 3d)

I have a pair of 3d glasses (a red and cyan pair) and I want to play the Wii in 3D, because it would look awesome in 3D! :)

no, not powerful enough

In theory, it is possible to do Stereoscopic 3D on the Wii but it can get very intensive for the GX to process it which results to lower graphical performance depending on the complexity of the scene being rendered. In fact, the Gamecube (which the Wii was derived from) was originally going to have Stereoscopic 3D support but it was never used as it was too expensive for Nintendo to license their own 3DTVs specifically for the Gamecube at the time to get it to work.

I think the plan was actually to use some sort of glasses peripheral. The hardware does support left+right 3D, there's just nothing that can display it properly because it uses custom signalling.