To my understanding, the Wii U is similar in capabilities to the Xbox 360 and the PS3. Why is Destiny being released for those consoles, but not the Wii U?
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Because Bungie don't have the manpower to develop for that many consoles at once. They've gone from only making one version of a game, to making four different versions. That's also the reason why there won't be a PC version within the foreseeable future. Although Bungie employees has been slightly optimistic about a PC version in interviews, and said they just don't have the time. So we might get a PC port later. I don't believe anyone's asked them about a Wii U version, though.