I finally got my Chameleon working!
After many many nights of troubleshooting and testing, my Chameleon seems to be fully functional and working as described. The culprit to my problems turned out to be one of the pin headers was not connecting properly to the mobo.
I can now boot up in all four modes (I've left it on mode 4 because it's the most flexible) and I've loaded x2 bios and evox dash (blue light lights up in cromwell). Man, what a great feeling it is to finally have everything working.
For those that are still working at it, don't give up, keep checking and rechecking all your connections. Here are some troubleshooting tips that I learned:
D0 connection:
You know you have a good D0 connection if you ground the wire connecting D0 without the chip installed and the xbox FRAGS.
Also, make sure you leave plenty of slack on the D0 wire so that the it doesn't tear out of the mobo from too much handling.
Pin Header connections:
Make sure the solder connects the pin to the motherboard securely. Gently push down each individual pin from the top of the mobo (with your finger if they aren't too big or a screwdriver or other small flat tool) and see if it slides down through the mobo. If it does, it's not soldered well enough on to the motherboard.
Chameleon chip:
I didn't quite know how to troubleshoot the chip other than trying to boot up using each of the 4 memory banks. If one memory bank had a bad flash, chances are one of the other three would be ok. Thankfully, after checking the other two things above, my chip worked. Hopefully this will for you too!
ItsGForMe, yes, you need to reconnect all the cables and components of your xbox for your xbox to boot properly.
Good luck!