The update has added some features to the Mii Parade section of the Mii channel, but it appears it's main use is to block some methods that allow piracy on the system. Unfortunately for importing gamers, this means Datel's Freeloader device has been disabled, as the method it used to boot imports was the same as that used by pirates, a method of booting called 'trucha signing'.
The update also appears to cover an exploit that used a hackers Zelda save file to run unauthorised code on the Wii.


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