According to some threads over at Console Paradise, the GameCube has been cracked with the unofficial release of Animal Crossing Loader v1.1. This loader lets you stream GameCube ISOs from a PC to the game console using its BroadBand Adapter and the Phantasy Star Online exploit. There is no need for modchips or external hardware. Besides this news, we can also read that an emulator has presumably been released that, of course, lets you play GameCube games on your computer
Firstly congrats to Eurasia for some great work! It's nice of them to allow a few people to see their internal release.
Hopefully this will really open the Hombrew scene and show the real power of the GCN.
Okay so you're probably all wondering how this works with commercial titles?
The loader is only designed as a development tool to allow you to run larger images on the GCN. This could include emulators and mediaplayers.
While commercial game images will load, there are many that will not boot and most that do will be slow. Animal Crossing and Luigi's mansion are the only ones that work 100% at this stage.
Overall the tool worked great and has come along way in the few months it's been in development.
Remember though it isn't a official public release or designed for commercial games so don't complain if something doesn't boot.
I can't stress enough to people that this is NOT an official public release. I too thank Eurasia for an impressive show of talent. Cant wait to see some of the homebrew releases.
The threads where these topics are discussed can be found here (Animal Crossing Loader) and here (emulator). Please note that registration is required to view the threads and no, the loader and emulator are not available for download. You can only download an .avi movie which shows the emulated version of the Zelda game.