This weekend saw the release of the "semi-official" Homebrew Channel, created by hard-working members of the Wii's homebrew community. The release, which is available to the public, lets you run homebrew on your console without having to perform the Twilight Hack. Also, you're no longer restricted to a ten-minute demo.
The release comes with a few applications, like Tetris, a Nintendo 64 Emulator, Wii Linux, ScummVM, and Gecko Region Free. Just remember: keep it legal, kids.
[Thanks to everyone who sent this in!]