A hacker who calls himself “TheSpecialist” stated that he has installed his own custom firmware into the Xbox 360. He claims that with the custom firmware, he is able to create directly bootable backups of original DVD games. The firmware, claims TheSpecialist, circumvents the Xbox 360’s content checking by ignoring the required disc signatures that are present on retail games. However, TheSpecialist states that he will not release his firmware due to obvious piracy concerns.
Just like the original XBox, it appears that even if a bootdisk or firmware update is released, you may as well forget about ever signing on to Xbox Live. Since not too many people have a spare 360 and Xbox Live is one of the best features of the console, I can’t see too many people even wanting to install it anyway. Read more @ Daily Tech.