Divineo China has just started to offer a new Wii modchip known as the DuoWii for a low price of $16.95. Below are the specifications of the chip.
Supports all console/drive versions Pal, US and Jap (DMS, D2A, D2B)
Direct boot of in region Wii backups
Direct boot of original Wii imports *
Direct boot of import Wii backups*
Direct boot of in region GC backups
Direct boot of original GC imports*
Direct boot of import GC backups*
Direct boot of homebrew in GC mode
Supports DVD-R , DVD+R
Improved recognition for backups
Quicksolder interface
Thin design for easier installation
Chip disable function
LED indicator light
The chip is being produced by Team Omega who is known for their low cost and effective chips for the Xbox and PS2. Not much information is available at this time regarding compatibility and if there are any other unique features for the DuoWii. Once we hear more, we'll bring it to our users.