As Go Nintendo
have reported, the latest Wii update blocks the Freeloader, rendering it useless aswell as the Twilight Princess hack.
Those who updated and have a Freeloader have two options it seems:
1) Wait till some sort of patch is released
2) Sell the stuff and get the original games
I'm personally not that affected, since I have a few people I can sell my US copy of Smash Bros to for £40, and the I can just get the UK one for cheaper. Anyone been caught out by the update?