Вот, вышел... http://wiibrew.org/wiki/Frodo
Frodo is a Commodore 64 emulator written by Christian Bauer (http://frodo.cebix.net). It was ported to the Wii by Simon Kagstrom and does not share any code with FrodoWii, but would be happy to integrate improvements from it!
It has only been tested in 480i mode on a PAL TV (the 50Hz mode gives me a headache), and there are some sound glitches and probably some other minor bugs.