We also got information C4E is working on an "iXtreme Online" FW for Toshiba-Samsung drives, a Hitachi-LG version and maybe even BenQ version might follow later.
The new FW will have less features than the current Xtreme FWs: no single-layer (DVD5) support,
no ripping of games (0800 mode), but more features to safely play from burned discs (emulate the exact speed and timings of the original games) and prevent booting from un-safe discs (without PFI and DMI or bad SS - so discs not passing the 'Stealth Check' (using Xbox Backup Creator(
)(<a href="http://www.xbox-scene.com/xbox360-tools/XboxBackupCreator.php">info) for example) are not going to boot on the new firmware), or images that aren't exact dumps of the original.
There's no official ETA (maybe this weekend though for TS drives), and of course no guarantee MS will never ban you based on new checks (that's the risk it takes if you want to be part of the modding community

) The HLG FW will take a bit longer as it'll require true 'Stealth media' etc added.
I just ordered my Blaster360 and will wait for this FW to come out before flashing, but can anyone fill me in on how we are supposed to backup or games if there is no ripping supported??