MS hasn't sued individuals yet, cuz it's expensive, yada yada. But if my company started to use modded systems, thus in some sense advertising the greatness of modding.... and if my company started to make money.... MS may decide it can recoup some of it's litigatory spending, as well as strike a blow. I am not taking the risk without legal council, which my partner and I have yet to make a decision about.
As to it being illegal to even "attempt" circumvention of copyright laws, a modchip in itself does NOT constitute an attempt at such an act. Of course, it's illegal to "attempt" to rob a bank, but if you just go into the bank and setup some accounts... Damn it... I can't think of a good metaphor right now, I just woke up... Anyway, I think my point is clear
good morning LA
ehb
EDIT::: typos, blarg