The thing is....its just a statement without any proof. Anybody can say that.....because we all know that a
modchip will be out sooner or later. They have given a timeframe....."in a couple of weeks"....I can say that too. And when time passes and there is no modchip, then I can say that it has been backed up until another "couple of weeks" due to beta testing, trying to reduce the wire count etc...etc...
I presume that Spong just wanted to be the first to break the news of a "modchip for the Xbox360". Spong just increased their hits to their website by posting such news and increased their "popularity".
Here's a tip for people..... don't believe anything until this site Xbox-Scene has
proven that a working modchip is out.

a modchip will eventually surface..
I'm a psychic...and the following is what I see....
what: a modchip for the Xbox360
who:...maybe Pi...maybe me
when: sooner or later
where: on earth
why: cause I said so
how:...reverse engineering....