I wonder what kind of apps you can run. Matrix certainly won't but IRC server? Probably
The Wii is comparable to a mid-range Pentium III with 64 MB of RAM - so anything that Linux/BSD could run around 2002 can likely run on this.
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The Wii is comparable to a mid-range Pentium III with 64 MB of RAM - so anything that Linux/BSD could run around 2002 can likely run on this.