You could do all these great things with the XBOX, what exactly can you do with the XBOX 360? How long did it take to figure out all these things with the original XBOX? Did Microsoft take any measures with their new system to prevent hacks and mods?

Dude, even if they did some modders will find a way to get through and will make some sweet modding possible.

I know, but what can we do so far? Have they came up with any mods yet?

None that I'm aware of, but if they do, and you start modding yours as well, don't tell many of your friends. If a four people report you within a week(I think that's right, but I may be wrong.), you get your X-Box Live account voided.