I pasted an early version of the every console modding guide into the following thread and hopefully it should provide a good start:
http://ezflash.sosuke.com/viewtopic.php?t=5338
However it is a bit outdated as things are moving quite quickly.
So chipset and other interesting things:
chipset:
3 known d2a, d2b and d2c. The first two appeared early on and only the very first chips will have a problem. D2c is recent (last two months they have become more common) and to my knowledge they have no working chip (there is supposedly one in the works).
cut pins: all chips currently rely on three pins (other connections are for power and such) to do the deed. some consoles ship with the pins cut which means either aligning a "ribbon" and sorting it (fairly high level in my opinion), cutting/etching down and going on chip (hard but it works) or conductive "ink" where you add your own traces.
If soldering is a problem I would not really suggest making a homebrew chip, buying one is fine though.
Solderless: some people (myself included) have toyed with the idea but nothing as yet has come. There is "quicksolder" though where you essentially dribble solder and form connections, a nasty method if ever I saw one and would suggest you do not do it.
Wii backups: nowadays one should be as good as the next. Some have inbuilt region patching but when it is a 5 second patch to the ISO who cares.
GC backups: audiofix is the main issue here which bothers some games (makes them crash or not function). What works depends on who you speak to really. Wiid, cyclowiz and Wiininja seem to be the ones here. There is a standalone app (list of games affected included) here:
http://gbatemp.net/index.php?showtopic=52676&hl=
So the big chips at present:
wiikey: originally the favourite of the lot. Fallen out of favour lately owing to bad support and sketchy audiofix. Clones are damn cheap though and if you need a quick one it should serve you well.
cyclowiz, Wiid and wiininja: the current favourite (subject to change in 4 hours time), the underdog and the original respectively. They all work and all work well. Can be a bit expensive though ($30 versus the homebrew/clone cost of $10 or under)
Edit: I suppose I had better add the others I know of
duowii:
http://www.duomodchip.com/english/main.htm
Can't say I know too much. Whether this is a bad thing or just that one voice in a crowd scenario is happening I do not know. Good history with team omega though.
Wiikit:
http://www.wiikit.info/
Wiikey clone plus some wires if you do not have any around (or at the shop).
Xecuter Wiip v2
Supposed to be launching soon, very good history with this team as well. They also do some homebrew chip sales apparently.
http://gbatemp.net/index.php?showtopic=52669&st=30
homebrew, I am about 3 weeks out of the loop here which means I might as well know nothing.
Support forums (as well as other major wii chip related sites) are the key:
Chiip
http://chiip.descrambler.de/index.php/Main_Page
OpenWii (I believe these are the only one with a DVD upgrade at present).
http://openwii.org/wiki/OpenWii_Wiki
WiiFree
http://psx-scene.com/forums/wiifree/
Wiip
http://www.tcniso.net/Nav/Wiip/
yaosm
http://psx-scene.com/forums/yaosm/