I'm lending towards the second part.
Emulators and media homebrew are all I'm looking for in my Wii U.
Yeah I hear you, been using my original xbox a lot lately because I have been having fun with coinops and xbmc, it would be great if there was equivalents for the wii u. Would also be great if you could use the gamepad to control the gameplay like playing gamecube games using the gamepad ect. Things are starting to look bright for the wii u scene