I usually abandon looking at Wii homebrew stuff for awhile so I can come back later and see all that has progressed in the few months I was away. This time I came back and was astounded to see DIOS MIOS, a USB loader for GC games. After some more searching I was able to ascertain that this incredible project was discontinued.

Does anyone know why this happened? And is there any hope for the future about someone working on a similar project?

EDIT: Sorry if this gets asked a lot, I didn't see anything else on the search.

 

There were apparently a lot of reasons.
As I am a beginner when it comes to wii-hacking, I don´t have the correct terms, somone else may fill in if they like.
But I remember it had something to do with when the Wii goes into GC mode, it also turns off all possibilites of using the machines USB-ports = Not at all, never ever possible to load anything from the USB.



But you arrive in a time when better-compatibility GC-gaming on Wii is seemingly coming closer than ever before. Not by USB, but by SD.
Check out this thread.

http://gbatemp.net/t275370-swiss-announced...ssor-of-sd-boot

 

You understood correctly. The point is: there is barely anyone with the needed knowledge. Add in that that this kind of project takes a lot of time, effort, debugging, testing, re-testing, and all that stuff...then the difference between "it is impossible" and "it is doable but takes a lot of work" is so small that you can just as well say that it's impossible.
(from what I recall, dios mios was mostly a way to prove that it was possible...not an attempt to get it fully working).