The first mod chip for the Wii already! That was fast indeed.

So will it run all backups of Wii and Gamecube games? From any region?

Any news on if and when it or another might play import originals? Not that it would be a concern for me personally

Be vary careful about selling mod chips in the UK Stu. It is a very tricky legal area at the moment, with companies like Sony tracking down suppliers and suing people for everything they own. I'm not sure how active Nintendo are in combating the mod chip manufacturers and sellers these days, but at the time of the N64 they were very active and managed to close down Bung Enterprises, the makers of the famous Doctor V64 N64 CD drive unit.