That's paranoid, to put it mildly. It's been hacked for months, if not a full year. This has been known for quite some time. People have even replaced the roms in VC games with other games. hell, that's been documented on this forum!
I didn't even really read that topic yet, on the surface it seems pretty cool to put whatever ROMs you want on the Wii VC. My main problem with it is people will put ROMs on it that are legally available to purchase because they are cheap. I have no real issue with people putting up a translated SD3 or what-not since it seems as though it will never get translated ever. I'd like to play my ROM hacks on it and since I own the original carts (in multiplicity I might add) I don't see a problem with it. And as long as it doesn't take physically hacking the console--a software expliot is one thing a hardware modification is another. I can't control anybody but I at least ask those of you here not to go the cheap route and put up exsisting ROMs on your VC.
And you guys have to remember something, I do not follow any sort of news much less gaming news and much less than that hacking news. That's why I wasn't really aware of this.