Hacking Wii modchip questions!!!

[Nintendude205304]

Hey I am a noob and need some help!

OK 1st question:
I bought my Wii in June, is it possible to be hacked with a modchip?

#2: What is the current or upcoming best wii modchip in terms of
1. compatibility, 2. ease of use, and 3. (not so important) price

PLEASE REPLY IF YOU HAVE ANSWERS TO ANY OF MY QUESTIONS!!!!!!!!!

EDIT:
Sorry, but I just thought of more to include.

Here is rewritten question #2:
What is the current or upcoming best wii modchips in terms of these
PRIORITY 1: compatibility
PRIORITY 2: memory size
PRIORITY 3: smoothness of game backups
PRIORITY 4: ease of installation and use
PRIORITY 5: price

Here's more questions:
#3: Are backups available right when the game comes out? If not, approximately how long do you have to wait?

#4: How do I get games on the modchip?

 

[ZeWarrior]

1. all, their all pretty much the same
2. their drive chips, just put the disk in, they all install around the same way so all.
3. from 7-40$ on most modchips, the cheapest being clones the most expensive ones being originals.