Team Wiinja has successfully created the first mod chip for the Wii. The chip is able to play back-ups (Wii and GC) by only soldering 5 wires to your Wii. If you fry your Wii in the process, you’re out of luck.
The chip is already for sale and I believe will ship February 1st.
Tests on DVD media are already under way. Tests have shown that burning with speeds of up to 16x works on the following media: Verbatim +R, TDK-R, Imation-R, Emtec 1x-4x -R. Burn unscrambled images just in a normal way. Super Monkey Ball PAL is a bad image, it doesn’t work.
Keep in mind opening up your Wii will void your warranty, so make sure you know what you’re doing.
Two video’s of the chip in action:
You can order this at Futura-Online