I looked up Wii U emulation and it appears it's not possible to emulate the 3DS, but apparently because Nintendo developed the emulation for the system, all you have to do is convert the games to the Wii U app format and they play flawlessly on the console. This includes the DS.
Looks like my Wii U isn't a no exclusives paperweight after all. Well, scratch that, it still has no exclusives, but this makes it worth keeping now. It apparently is also able to play Phantasy Star Online online as well, that's a nice bonus.
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