Installing the Homebrew channel on your Wii is one of the smartest things that you can do as a Wii owner. It allows you to use the console for all sorts of things like playing ROMs, movies, and homebrew games on your Wii. This video wills how you how to do it on a Wii with firmware version 4.2. If you upgraded to 4.3, we apologize, but the hacker are still working on hacking those, so be patient.
You'll need the following:
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