Xbox hackers preview movie player

Only weeks after Xbox mod chips hit the streets, allowing developers to run home-brew code on the device, reports of a working movie player have appeared on the internet...

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...Last week, a MIT student cracked Microsoft's security systems on the Xbox, allowing him to write custom software that would run on the machine without the need for modification chips.

He plans to find a legal loophole allowing him to release instructions for the creation of custom code.