Guy in this thread has just purchased 1 so you'll have a definitive answer in a day or 2 but I see no reason why it wouldn't work, plenty of people on other sites have used the wii-clip with no probs.
If you have a Argon attached to the wii clip when you install your wii clip and chip your install a update ribbon cable, and then you use a programmer to update the chip
if you have a D2ckey installed this patches on the fly and dont need any updates yet.