QUOTE(The Dude @ Nov 23 2005, 11:00 PM)
They are allowing us to boot one of their executable files off a cdr (for original xbox game capatability) so it seems it does not have any kind of media check.
The Dreamcast didn't have any special media check, and look what happened there.
It's more likely that the Xbox emulator update executable is simply signed to run from any media, rather than no signing at all on anything. If MS had wanted to, they could have released executables for the original Xbox that would run from any media, but there was no reason to. I'm pretty much 100% certain that all other 360 executables will be media signed.
The Dreamcast actually did have media checks, but the unfortunate oversight was that the accepted types were GD-ROM and CD-R. Sega eventually fixed it, but by then the console was already dying of piracy.