In a surprising move Marcan from Team Twiizers has released a video of what the SaveMii should of been. The BootMii is a device that allows you to run unsigned code upon boot up of the Nintendo Wii from the Wii's front sd slot. While I speculated the SaveMii did the same thing and was scolded for it along with Marcan's intentions being put on the table claiming this sort of thing wasn't in his eye sights.
Of course, Twiizers stance against piracy is strong and the device is supposed to run homebrew, one can only think about other uses that will come into play via running the "unsigned code" and the money Twiizers will make from it (as one can already boot backups via running unsigned code). Interesting, none the less.
EDIT: (Updated news post..)
brakken @ TehSkeen:
QUOTEMarcan from Team Twiizers has released a video of his BootMii software which allows you to boot unsigned code and original games upon powering on your console. Unlike I reported a few minutes ago (check the replies for the original/wrong post) this is a pure software based solution.