No, but there is an alternate version of it called WAIO (Wood All-in-One) which works with a good number of R4 clones.
No, R4-III can't run wood r4 kernel. Woo r4 is an unofficial kernel for r4 ds and r4 3ds card, it can be used in following flashcards:
1. R4 DS card from r4ds.com. (now, official website is r4ds.me)
2. R4idsn 3DS card from r4idsn.com.
3. R4i Gold 3DS and R4i Gold V1.4.1 card from r4ids.cn.
Yes,R4 III don't work with wood R4 kernel
Wood R4 kernel compatible with R4 DS card,R4 gold 3DS,R4IDSN.
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