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GameCube Backup Launcher for Wii?

O.K., I basically need to know the lot:
Will it play GameCube ROMS on my Wii?
Do I need Homebrew Cannel for it?
How do I install it?
Is there any risk?

Everything you need to know is found all around this site http://wiibrew.org/wiki/Wii_Gamecube_Homebrew_Launcher
which is now your new best friend

The Gamecube launcher does however have the possibility of bricking your wii, use carefully and follow all directions exactly

Good Luck
-Nick

How To Play Gamecube & Wii Backups On Your Wii Easily!!!