well it was only a matter of time...
a modchip for the xbox 360 has been released. the NME-360 will start shipping in about a week. this chip is inserted between the DVD drive and the xbox console so that games can be copied and then run without the DVD.
the makers say that the chip is meant for 'backups,' which is a legal loophole to enabling copying of software programs. but it might be enough to keep 'team underdog' out of court. the only makers of modchips who have been prosecuted are those who were caught distributing pirated games.
although this is a fraction of the functionality that was available with the original xbox modchips, one has to have faith that there are more chips on the horizon.