QUOTE(jhightower31 @ Nov 28 2009, 08:25 PM)

Ok seems simple enough. But what is this wave 4 games that I read about. Will I be able to play those brand new from the store or since this system just got the banhammer will that stop it from playing newer games?
Yes, you can play all original games without a problem.
If you have benq samsung or hitachi type DVDROM in your 360 then you can get a non stealth firmware flashed to it and then you will also be able to play all backups of all waves and all futures waves too.
Find out what type of the you have by going here 360 Trays
QUOTE(jhightower31 @ Nov 28 2009, 09:46 PM)

It is a Hitachi
Then you probably have iXtreme 1.51 and that means you can play Wave 1, 2, 3, 4 and 5 and probably all future wave original and backup games. No update needed.