Well that blew up, huh? If you follow emulation or just gaming on the whole, you've probably heard about the controversy around the Dolphin Steam release and the Wii Common Key. There's been a lot of conclusions made, and while we've wanted to defend ourselves, we thought it would be prudent to contact lawyers first to make sure that our understanding of the situation was legally sound. That took some time, which was frustrating to ourselves and to our users, but now we are educated and ready to give an informed response.
Hopefully everyone involved calms down after this.
As much as Nintendo would be willing to sue to kill Dolphin, they know they would be incurring significant risk of setting bad legal precedents for themselves: see what Sony did on the VGS case. The most they can do is threaten Dolphin and hope that it stops. Thankfully Dolphin didn’t bit this bait.