Smealum already achieved a lot of things on 3DS, but he will not share it until it's piracy-proof, so it's not time to get hyped yet.
Well, sadly anything can lead to piracy.
For example, the method of decryption and encryption (BOTH are needed for modifying/translating/modding games, and here we have only the first part... I didn't hear anything about the re-encryption, anyone found a way for it?) can and will be abused. (there's no middle ground)
A recent example would be the anti-piracy Nintendo implements in their DS software. To circumvent it, people would modify the rom. There's no helping it really.
The problem is that that recent-ish 3DS one didn't get a physical game-card release over in English speaking countries IIRC, only a download one. Which means that you can't add it to your physical game collection, or make a simple backup of the ROM for use on your flashcart; so that if you ever lose your 3DS, you've lost your copy of the game, and your save.
Yeah. Reverse-engineering a whole game just to satisfy piracy-driven objectives. Sure!
I'd understand if it was translating some Japan-only game and doing this/converting it to something that can be tested/loaded with the current available means.
But this is a perfectly available in English game.
I may hate digital-only and games-as-services, but I despise even further this... argument.












