Hackers announced they've found an exploit in the Nintendo Wii Internet Channel. This loophole lies at the heart of the Flash Player which is integrated into the Wii web browser and could allow users to run homebrew applications on their Wii:
This could, among other things, lead to the creation of game emulators on the console - a disaster for the Virtual Console, which charges gamers to play games from Nintendo's huge retro library.
Nintendo was unavailable for comment at the time of writing, but we expect Nintendo to take hasty action to prevent the hackers achieving their sneaky goals. Of course, you'll invalidate your warranty if you hack your Wii, so you probably shouldn't.