Given the lack of response, I'm attempting to put one of these together myself. (I estimate it'll take me about a week - given what little time I find I have to play)
Tried flashing me V1.1 XBOX with the retail 5530, and, not unexpectedly, it didn't work (rebooted twice, then locked up with a blank screen flashing red at me).
So I'll need a guinea pig with a 5530 XBOX, and a flashable, switchable, modchip to test. PM me if interested.
Man you know how long its been since I've heard about the Complex !Loader?
What ever happened to them anyway? Team Complex that is?
I don't remember a SDK for them though?
Wooger
Artifex has pointed out what I'm proposing is exactly what his Bert is Cheating on Ernie (BiCoE) font exploit did, but it only supported BIOS 4034.
So I guess I doing a BiCoE_5530. 
They called it a 'plug-in architecture'. Some C++ files were included in their release

PS. It sounds like Yoshihiro is making better progress - Let's hope he's got it right with his EEPROM fing.