The official site for Wii Chess is now online, offering a short trailer and some small screenshots. Some features described include:
Sounds like this might be limited to Europe. I still think it's a perfect candidate for WiiWare and not a full blown release. I doubt it's very big in terms of storage space, and it would save swapping out discs each time you want to play it. I'm getting lazy in my old age, lulz.
Here's that trailer:
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