From the ComputerAndVideoGames.com:

"Hackers have reportedly found a new loophole in the Wii's Internet Channel that 
could allow the running of unsigned, home-made code on the console."

The report states that
"apparently the exploit lies at the heart of the Flash Player (the software used for 
watching Flash-encoded video - like on YouTube) embedded within the Wii's web 
browser"

Link:
http://www.computerandvideogames.com/article.php?id=168234

WiiLI has the following Executing Our Code/Flv vuln article too:
http://www.wiili.org/index.php/Executing_Our_Code/Flv_vuln

pointing to
http://secunia.com/advisories/26027
etc.

Credit goes to Finnish AfterDawn.com for publishing two source links mentioned 
first.

Nintendo Wii uses Opera browser:
Final version of Wii Internet Channel to be released in April
http://www.opera.com/pressreleases/en/2007/03/22/

- Juha-Matti
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