Infinity-mods posted a very short note on the site's homepage on 2 January claiming the have received Xbox 360 modchips for testing, and to expect sales within 2 weeks. Today, the site revealed more on the Modchip. The name of the chip is I.C.E. Here are the details that were given on the site today...
Jan. 5th, 2006 - Due to massive emails regarding the xbox 360 chip, we will provide you some more details. Price is retail $70, Wires are 20-30, Install time is approx 25 minutes, able to direct boot backups, dumped ios, or full rips. Name is I.C.E. Chip
Of course, most Xbox 360 owners are skeptical about the claim since the launch of the console was only weeks ago. Information alone is useless to convince people, we will need to see it to believe it. It will be a major blow to Microsoft though if it is true, since the company has touted tougher security on the console.
Feel free to visit our Xbox 360 - General Discussion forum.