Max Console has also apparently received a beta CycloWiz chip and confirmed it's validity.
Team Wiinja is claiming it's a rip of their chip and that someone stole some of their beta chips
let the modchip bitch-fest begin
CycloWiz looks a lot more professional, it certainly has more features and an easier install.
I'm just hoping that they're based on PIC or Atmel chips so I can snag the code and flash my own chips.
I can't find the thread but there was one posted here a little while back where someone was talking about the Wii's security.
Basically it's nearly idential to the Gamecube, they changed the backdoor password from uppercase to lowercase, change the shape of the connector and the discs are signed such that running modified code is no longer possible without a more invasive hack.
These chips are probably near identical to the GC chips it's just the security differences that prevent us from running alternate regions, homebrew, or modified games.