Let me try wording differently.  I puch Y 2 times and get the green one, and I get my 02 hack.  I change it to 01.  1 Y press doesn't get it.  2 presses also doesn't do it. (this makes sence)  The THIRD press gets 01!
From what I understand:
01=3 Y
02=2 Y
Then I try Link's 01.  I have to push Y 5 TIMES!  The number of times for each person is different!  This was NEVER told to me!
Please show me a "hack # = # Y/X Presses" table to resolve this.  Remeber, this is different for every char.
(I updated my Wii about 1 day ago if that says anything different)

EDIT:  THE RED VERSION IS 01!!!!  THIS MAKES LESS SENCE THEN BEFORE!!  Was it ALWAYS like that?  If so, why did you tell me?