Possible True 360 mod chip?

[Lazybones]

http://www.xbox-scene.com/xbox1data/sep/EEuAyuFFEkegQerZEd.php

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.

Have to wait and see..could be more fuss about nothing.