Anakir said:
I realize you can play split screen but another question popped into my head. Is my friend able to load his character into the same Wii where I play as my character for the split screen?
You can transfer your character to the wiimote and take it that way to another wii. But in coloseum mode you dont use your equipment, there are some preset classes there that you have to use. But you get loot for defeating a monster, one is a special medal for every boos monster you defeat, which you later can use to make special armor, that you wouldnt get otherwise in the game. So if you and your friend defeat some of the bosses, he can take the loot back and load it to his game.