WII (Cracked Version)

Can anyone tell me what the 'Cracked Version' is I am seeing on a lot of WII console products? :?: [/b:2df1602f]

From what I understand The cracked version is designed to be able to play burned and downloaded games by bypassing the normal authentication process that is built into a retail unit. That is why most of them come bundled with tons of games because alot of the cracked versions are messed up and wont play retail games.

Correct me if im wrong folks. But this is the idea I got from studying listings on these items.