It's worth it for being able to put VC's on the sd card
Defo install HBC, wad manager 1.4, usb loader and anything else while still on 3.2,, make sure to install ios60 before upgrading, everything should work fine. On 4.0 nin tried to defeat wad installing, this can be defeated using wad manager 1.4 and chosing ios35, easy to do as it's a choice,, then you can dump channels on your sd/sdhc using the wii channel manager
Install HBC, twighlight or bannerbomb,
Install other channels you want, wad manager 1.4, usb loader etc,
install ios60, google it
Upgrade to 4.0, I used the wad
You should have a working 4.0 with sdhc support
I have a dsun and everything works fine, not sure bout Wiikey, should be ok
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