Possible on console melee netplay?

[cloudmain629]

I've been thinking about the possibility of on-console netplay using the gamecube broadband adapter. I noticed that anyone can host a gamecube online server, considering that fan-run servers are online for phantasy star online. I was wondering if it would be possible to run a modified melee iso using an sd loader and use the broadband adapter to run netplay. I am unfamiliar with game modding and netcode, but I would be really interested in this becoming a thing. I know that the adapters are fairly uncommon, but maybe this could prompt a manufacturer to create a third party alternative. I hope someone knows if this is possible.