Vooks has posted the first review of the Wii Freeloader (EU version) and it appears to work fine, unless you have a modchip installed on the Wii already. It even plays a few foreign gamecube games! Anyway now that I know this is working, I am very tempted to pick it up along with Smash Bros, but I'm holding out because I have a feeling they might add something new to the EU version since we have to wait about another 6 months for it.
Any of you looking to pick it up?