Well, they must have heard me. It was only a few days ago that I asked what was taking so long. Guess my prompting helped.

Anyways a technology group called Pi has decoded the 360's filesystem and as we all know this is the first step to truly opening up the console to all kinds of wierd and wonderful things.

According to the group: "Once you get past the protections and down to the raw bits on the disc, its just the standard xboxdvdfs, however the offset and layer breakpoint are different."

I'll trust they are right on this :) I can't wait until someone goes through the next steps of actually modding the filesystem.

I guess what this means is when they start slicing the 360s price after Christmas I may have to get myself one for my birthday.
We'll be sure to bring you more details of the ongoing 360 hacks as they come available.

FYi, if you want to learn more about Xbox or other console hacking, Amazon has a great selection of books available on the subject.

You can read more about the hacked 360 filesystem on the Register.