We've been through this song and dance before, and we'll probably go through it again. An Xbox modding collective dubbed the Devil360 Team claims to have developed a 360 modchip. The team sent website Xbox-Scene a heads-up email. Hit the j-u-m-p to read it.

Our server is currently down due the huge amount of hits we received yesterday. We will move to more powerful servers and we hope to be back online tomorrow.

The Devil360 will be a modchip for the Xbox 360 console, the 'small' security hole has been found! This device is in no way related to the DVD firmware exploits - it's a totally different approach.
However we did not manage to get the product ready for today (6/6/6), because we are working hard on improving it to:
* Try to protect it from any type of update
* Make it programmable via PC
* Boot unsigned code
* Allow to swap HD with larger drive with a special interface between the 360 and the HD (all types IDE/SATA).
* And more...

We understand, certainly after the ICE modchip story, that people will not easily believe this so we will send prototypes to some scene sites as soon as they are ready, so they can confirm it's real.
The modchip will be sold without any code.

We also discovered some shops already take pre-orders for this product. Do not pre-order it!
We did not announce any distributors yet and the device will not go on pre-order until at least after the prototypes have been tested/reviewed by independent sites.

Folks over at the GamerHistory Forum seem to think this is the real deal. Click here for the Devil360 website and judge for yourself.

More Here [Xbox-Scene]

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