Yes, it is true - we have almost completed our first Xbox360 modchip! It has all the trademark xeno design elements that many have come to appreciate:

* Compact design (25x25mm only)
* Easy to use and install
* High quality and reliability
* Low cost

The specs are as follows:

* Compatible with Samsung drive (Hitachi version coming in 2-3 weeks)
* Only 4 wires to solder (Hitachi version will require 6-12 wires depending on drive version)
* Compatible with NME security sectors
* Low-power, 3.3V Lattice CPLD design
* Transistor driver for reliable patching
* Dual LEDs indicate mode (reading security sector, original, backup)

Source