Awesome Firmware hack. I do hope this doesn't delay the devoplement of a real modchip, as does another poster before me. I find it great that the 360 was really hacked, and not so far in. Maybe this hack will give people the convidence to apply more man hours to modchip dev, due to that fact they know the 360 has some holes.
Personally, I don't own a x360 yet, and most likely won't, due to high price of games. Once a modchip comes out, simlar to xbox modchips, then I will buy one. Not because piracy will be most likely easier, but because of the great apps, and hopefully linux.
60 dollars a game, not for me. Most xbox1 games were crap anyways, I still have a bad taste in my mouth, err wallet.