Nintendo Wii ISO Loader

Am I dreaming, or is it true? Has the Wii finally been hacked, allowing one to load ISOs without having to own the original game? I’m not condoning piracy, but it is interesting to note that the Wii ISO Loader is available, allowing you to run a legal backup of a game in your possession. This happens after you convert the ISO file via a special program, burning it onto a DVD later. How will this impact the Nintendo Wii community remains to be seen, be it in a positive or negative manner. Hopefully this is where homebrew games come in handy, and I wish there will be a winner out of every 10 shovelware dished out.