Wouldn't pay too much attention to this,
@smealum will never release it. If he does you can expect it to be neutered to launch userland stuff only and the source to be closed off for months, only finally being open sourced when a newer, closed source version comes out. That's how his group operates to keep people dependent on them for updates (and it works, look at all the attention he gets for providing userland on 3DS compared to the ones who provide kernel). Looking forward to seeing Hykem jumpstart a healthy scene. We don't need another unhealthy one like the 3DS has.
Homebrew for 3DS could've and should've been great. Smealum saw potential in the scene, but alas, not much ever released. I don't see much of anything homebrew related - all the rush I see is "downgrade, install cfw, piracy, win" when we could've had all kinds of useful homebrew like the Wii. Nintendon't rose from the interest to play GCN games on the Wii U - and with the power of Wii homebrew coders it became a reality. Once a thread comes out for DS on 3DS, people just tell them to "buy a $10 R4" and that's that. Same goes for an N64 emulator, the 3-4 Undertale ports people have shown off, and anything else that could've been but never was.
The scene is also very pay-to-win, in a sense - whereas the Wii had softmods available, some of the more skilled 3DS require you to buy a flash cart - on a system that is capable with piracy without it. There is STILL no way to directly play .3ds files for whatever reason, without a cart. To even play pirated games on >9.2 you'll need a Sky3DS cart, then to play more than 10 games you'll need a blue button, and to play newer games you'll need an orange button plus version.
Yes, I get that DSi mode is a pain. Yes, I get that a N64 emulator likely couldn't run anything that wasn't Mario 64. Yes, I get that .3ds can be converted to .cia.
But still. No one's even really tried. It's a lot worse that the Wii. The Wii had homebrew for
everything - and the 3DS is surprisingly lacking of it. Heck, even the original NDS had some great homebrew. The 3DS scene is rather interesting though. No one's really developing for it. No one's doing much of anything with it. Homebrew in general seems to be dying in favor of playing pirated games. That's why stuff like EmuNAND and Loadiine are so much more hypeworthy than userland homebrew. HANS was crazy impressive, in fact, *hax 2.5 was crazy impressive as is, bringing just about everything (but piracy) people claimed to want from CFW, but now it's overshadowed by the magic downgrading power of Sysupdater.
I dunno. Will the 3DS scene ever pick up? I'm really hoping so.