All the people that are saying that Team Cyclops should focus on the 3DS are foolish.
First of all, nobody's gonna even be able to do anything in terms of making a 3DS-compatible emulator or flashcart until the 3DS comes out. They'll need to take it apart and see how it ticks. Learn what's new, what's been changed, what the new piracy-protection is and the hows & why's of it's operation. Until they get a 3DS in their hands, that won't be possible.
Also, you guys saying that are obviously either new or forgetting just how long it TAKES to make an emulator/flashcart for a new system. Generally, when a new system is released (not counting upgrades like DS to DSi) it takes about 1-2 years minimum before you'll see a working, publicly released application or hardware capable of playing rom files. It's been the same on all systems from all big 3 companies and then some and this won't be different.
Mind you, this is coming from someone who remembers when ZSNES was still in it's beta stages and has been a part of the NGemu community for longer than I can remember now. This is a format that hasn't changed.
Moral of the story: If a working emulator usable on the computer that actually "played" the games was released to the general public or a flashcart gets released that works in playing the games BEFORE THE END of 2011, I would be extremely shocked and amazed. Unfortunately, history would dictate that that is a highly unlikely possibility.