1) I think why the author of Link Launcher was able to go Moonlight's house is because of contribution named moonshl2alt.nds.twiztidsinz said:1). I think he did.
2). It wouldn't mean it's not possible... just that someone else would have to make one, preferably without stealing his code.
2) AlternativeLoader is kinda easy thing than inilink.
http://kzat3.cocolog-nifty.com/blog/2008/0...mse_for_ac.html
Here is reset_mse_06b for ak2.
Change "/akmenu4.nds" to "/moonshl2/reload.dat" then compile it. Well, you should be able to add dldipatch code as it is public domain code...
[edit] That reset.mse accepts only devkitARM r20-r23. And faster boot requires "libfatreduce" thing...