GC: Save state on a real console

This is probably not "News" so feel free to move/erase this post, move it to GC section or whatever. But I feel it's so BIG and nobody mentions it, probably because GC is pretty much dead!

Cobra 2.0 W.I.P. BIOS was released some time ago for Gamecube & Viper owners. Now I'm totally against piracy. But for the first time since 10 years or so, it's possible to create "state saves" anywhere in a game and to restore them at will on REAL hardware. Yes, the same kind of state save we could use on emus.

I've personally tested it and while it's not yet rock solid I am totally amazed by how good and convenient it is. Now I say WTF ? Why now ? How is it possible, is it easy to do ? If it's easy why doesn't it exist on XBOX or PSP ? If it's not that easy how could they do it on GC ? Could we expect this kind of feature on other systems?

I know this kind of feature existed on old 8-bit computers, but well... as you probably understood, i'm just amazed and feel like it's a small revolution :)

Video of this feature in action: http://www.youtube.com/watch?v=LgQvfqhHDKE&NR