I read about that. All it does is simulate a standard 3DS cart being inserted. It's only good for piracy. 
...which shows what a huge waste of time all of Nintendo's security is. They claim they're preventing piracy with it, but piracy is the easiest thing to accomplish in such a system, since you don't actually need to defeat any security. The only thing they prevented is legitimate homebrew.

...which shows what a huge waste of time all of Nintendo's security is. They claim they're preventing piracy with it, but piracy is the easiest thing to accomplish in such a system, since you don't actually need to defeat any security. The only thing they prevented is legitimate homebrew.