I'm sure development will continue and improve it. Since the software modding became available the Wii homebrew scene has definitely taken off, with lots of emulators being released for the system. A little sad that the Wii is so under powered compared to the 360 and PS3. I can imagine it won't be that much more powerful than a Dreamcast for emulation, and we know how emulators hit the power barrier with the DC and struggled a bit.
I want to see the PS3 hacked and soft modding available, then we will finally see what some powerful console hardware can do in the hands of emulaton and homebrew coders.
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