It's another modchip program in the works, but this time, it's based on modifying the compatibiltiy between itty-bitty pieces of hardware inside your Wii rather than the installation of full-fledged chips. It's called OpenWii v1.2, and it's got a pretty dedicated team of modders and enthusiasts behind it.
As mentioned in the program's notes, the OpenWii modchip program works by using the compatibility between microcontrollers and pin configurations. As its notes state, you'll need the appropriate GCC tools to use this, as well as a good knowledge of code, since this was coded in C.
So far, it's also only been tested on models NTSC-DMS/ NTSC-D2B, so if you're thinking of helping these fellows out, make sure your Wii can actually use the modchip program described here. Still, version 1.2 has increased speed, and it work with Wario, so you can't say it isn't on a forward move.
In any case, you're definitely going to find more information on their official forums than what we can actually give you. Feel free to download the file from us (it's in tar.gz format though), then check out the read link below for more information.
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