I'm going to answer one of your questions that I THINK I can answer it well.
3. Are the Virtual Console games copy protected? What's to stop me from transferring a VC game to an SD card, and then bringing the SD card over to my friend's house to put on his Wii?
Apparently yes. If you put a VC game on an SD card, it WON'T work on someone else's Wii. The best thing I can think of is that the games are backed up with your Wii number. Oh also, if you linked your Wii with your MyNintendo account... you can log into the MyNintendo account (on PC, obviously
) and look at games you registered. All the VC games come up automatically under your account. I assume that this is what Nintendo can use if something happened to our Wii, and that adds more protection to the VC games.
3. Are the Virtual Console games copy protected? What's to stop me from transferring a VC game to an SD card, and then bringing the SD card over to my friend's house to put on his Wii?
Apparently yes. If you put a VC game on an SD card, it WON'T work on someone else's Wii. The best thing I can think of is that the games are backed up with your Wii number. Oh also, if you linked your Wii with your MyNintendo account... you can log into the MyNintendo account (on PC, obviously