I only really hope for more plugins down the line. Like maybe some plugin that improves the vWii picture quality or somehow enables FULL RGB color range
Both things seems a bit difficult to make, specially the vWii one.
I checked the Wii U internal settings and there is some unused stuff like HDMI-CEC support, (at least, you can't configure it with Sytem Settings), but it doesn't do much, it just starts up your TV with the console, but it doesn't turn it off. There was no sight of RGB settings though, so I think a homebrew that can talk directly to the Panasonic HDMI controller of the Wii U would be needed. (I don't think it will be easy to do).
As for vWii, I don't think it can be improved more than what the Wii U upscaling does.
An interpreter like "Nintendont 2" could be possible, but it's not realistic, the Wii U CPU can run natively Wii software, and the GPU is powerful enough to render Wii games at HD resolution (and maybe a bit more than that). But like some other user said, the GX2 GPU is a pain to work with due to lack of documentation, so considering the amount of effort one would have to do to keep that rolling it's not worth it.
I do wonder if maybe a co-processing with GX and the Wii U GPU would be possible though, maybe that could offload stuff from the Wii U GPU for this... but honestly, I don't know about that.