The EEPROM included is the one from bunnie's site. It is a V1.0 EEPROM and *should* work with v1.0 - v1.5 xboxes. It is, of course, banned. It's mostly there for people who manage to corrupt their EEPROM and can't get Xecuter / EvoX to boot. "Fix" your XBOX with this, boot EvoX, then install a good EEPROM.
Myself, I tested it with a v1.6 XBOX that was flashing red (sign of a bad EEPROM). Even though the ROM was of the wrong type, it flashed and got the XBOX up and running with EvoX M8 no problem. Please note that I used the v2.70 version of the code for that (The EEPROM flashing routine is identical in this version, don't worry!).
HOWEVERI have had a PM from a user who tried it and it didn't work for him. Caveat Emptor! It might not work for you! I wouldn't try it unless your EEPROM is already broken.

HTH
BTW: Thanx Gimp! Always looking for feedback, positive or negative!