Cutting the trace = harder than removing the resistor. You can leave it in place, but you'll always be wary of game based updates blowing fuses (as you don't need to worry about Live as you won't be going on it with a JTAG'd console).
Easy way to get the resistor off is the solder flooding method:
1. Apply flux to the resistor.
2. Get your hot soldering iron and 'tin' (apply solder) to the tip of the iron, so there's a blob of solder on there.
3. Hold iron to the side of the resistor for a few seconds, and gnelty 'push' against the resistor - it should come off.
4. Clean the solder off the iron, and tidy up the pads you've just removed the resistor from (IMG:
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