I tried using it and ended up being E65'ed. Performed emergency CPR on it.
Now I have successfully done it with a floppy to the point where it's not red lighting/E65ing me, but now it won't boot up originals or backups until i flash back to the orig.bin. It keeps giving me the "To play this disc, put it in an Xbox 360 console."
Any suggestions/tips/info would be greatly appreciated.