Poppycock! Because of MediaWiki's multimedia capabilities it can handle complex information just fine, obviously much better than printed predecessors. What you mean is a Wiki's focus, which can take the form of a generalized or universal encylopedia (e. g. Wikipedia), or a specialized one, or a free-form one (Wikipedia, in practice, again). Wikipedias even negotiate integration of different information streams, e. g. up-to-date news-like information, both in the lemmata (often a huge problem, i. e. "newstickeritis"), in its own news wiki (Wikinews), or the English Wikipedia's newspaper, The Signpost.
And to take care of another utterly bizarre comment: Encylopedias are always, per defintion, also repositories of knowledge.