This isn’t a rumor about Commodore 64 coming to the VC, we already know that. This rumor talks about how the controls are going to work:

* Each C64 joystick port is individually mapped to each Wii device (be that Wii Remote, Classic Controller, or GC Pad)
* A popup ‘Virtual Keyboard’ is featured and is toggled at the touch of a button, and keystrokes are entered by pointing and clicking the Wii Remote
* No loading times
* No loading screens – although if the screen is interesting enough it may be included

Link