First Wii modchip announced

The first Wii modchip has been announced and will be ready to ship on February 1st. It features:

Run your own region (PAL/NTSC) backups directly
5 Cables to solder
Easy Installation
Modchip not upgradable

I can confirm the modchip is real as I have been in contact with the developers for a few weeks and they should shortly be uploading a video to prove it. In the meantime you can check out two photos of the modchip below. I will update with more news soon once I get to speak to the developers again.