When a emailed Wasabi support, their response...
Quote:
After several tests we can confirm the rumor about the new firmware 4.2 from NINTENDO breaking imports. We strongly recommend everyone to not proceed with the upgrade 4.2 as it removes the ability to play any import at all due to a new check. This is the same for every other mod chip on the market. The R&D team are working on it and soon as more news coming out, the web site will be updated with all needed informations.
Please frequently visit our web site for more information.
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Regards
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This was a couple of weeks ago. As of today, still no update on their website.