IGN Weekly 30 with 10mins of Wii interface direct feed!

[steggy]

One thing, don't break your Wii because all your VC games will be lost and cannot be redownloaded (All payments are connected to your Wii Console, not your 'account).

 

Well according to a quote I read that even if your Wii console gets hit by a meteor you will still be able to re-download your old VC games onto your new Wii.

[Jasper]

Odd. Can't remember where I read it, but I was sure it worked this way because Nintendo doesn't work with accounts on the console as far as I know and only your Wii could validate your download. But who cares, my Wii won't be hit by a meteor and if it would be hit by one, chances are that I'm going down with it. But still...

[YenRug]

Perrin Kaplan confirmed it a short while, you have an account which allows you to download the games purchased, it's not tied to a specific machine.