The first publicly released software exploit for the Wii has been revealed that allows unsigned code to be run on the Wii!
All you need is a copy of Twilight Princess and an SD card with a special hacked game save file on it! No hardware modding needed!
This is only an alpha release at the moment and released as a proof of concept to show that it does work. The group behind this exploit promise an ELF loader, which would allow the Wii to run Linux.
You can view a view of this alpha release running here.
Funny isn't it. The more complex games systems become, the easier they are becoming to hack! How long till a proper working software hack is found for the PS3?