I think it will be, I think the only console that can't be hacked without a hardmod is the Xbox 360? But I am unaware if it is because it has a solid security system or just the lack of interest for prominent people lol.
I have a v1 I might mod after eol
Why not do it now? If you do online gaming with it just leave the emunand untouched and get rid of every Nintendo's connections and you are good to go, no risk in getting banned.