Yet clearly there is such a large audience for it, it's obvious why as softmodders, we're annoyed with this.
Not saying I disagree with you. Just that Loadiine has no function other than piracy (at least in the eyes of nintendo) and that emulators are, by nature, piracy as well.
This isn't just some useless exploit. This can potentially allow for unsigned code to run, which means that homebrew can become a thing. It grants you the whole console, yes, therefore it doesn't do jack shit.
Just because you have access to the whole console doesn't mean that the sole purpose of it should only be piracy.
Except it is entirely possible to wrap an exploit in so much obfuscation that it is prohibitively difficult to even run homebrew.
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So I'm interested. If we cant run backups or emulators because they are piracy what is everybody hoping to achieve with this exploit ?
texture/sound mods. cheats. homebrew applications that make use of features that seem to be largely ignored by nintendo and third party devs.