These are some currently popular questions in the #wiibrew channel
Is the elf loader ready yet?/Is the Zelda Exploit able to boot homebrew?
No, not yet (asof 13th of february - It is getting worked on as we speak. Sit, Relax, Wait and Learn.
What new features are u planning for the next release?
Of course some *specific* things are planned already, but it's useless to talk about it. plans change.
Are we using the SDK? is there like and sdk from nintendo for wii development? is it leaked?
Research devkitPro - A number of people are working on a working toolchain enviroment to compile Wii ELF homebrew.