[xiaNaix]

WiiNewz received an email from a team claiming to have developed a new Wii modchip...

Features

* Fully DVD upgradable
* Compatible with both D2C and D2C2 chipsets
* Ultra stable oscillator for perfect stability
* Chipset auto-detection
* Compatible with all regions, USA, JAP, PAL (Europe and Australia) and Korea
* Region override for Wii and Gamecube games
* Direct Boot of Wii and Gamecube original, import, and backup games
* Direct boot of homebrew in GC mode and Wii mode (on compatible IOS versions)
* Supports multi-disc games, Dual-Layer, DVD-R, +R, +RW (no bitsetting required)
* Supports factory made 'silvers', even with incorrect header data
* Supports, SMG, SSBB, Mario Kart and other 'problem' titles
* Streaming audio-fix for Gamecube games
* Very big (1024Kbit) onboard flash for storing data and applications
* Rock solid performance with 1.5V FPGA core and high quality components
* Power-on self-test (P.O.S.T.) with onboard status LED

W4PRO for professionals

UPDATE: Several users are speculating that this is a clone of Wasabi. That may very well be the case as the install pics for the chips are identical.