ACCORDING TO cdrinfo.com, a mod chip for the Xbox 360 is likely to show up "within weeks."
They go on to say that a "member of a hacker group" implied that they will be done making the first mod chip in a couple of weeks.
"Everyone of us is endeavoring to develop a mod chip with complete functions. With the chip, gamers will access all functions of Xbox360. We think the chip will be available at market in a couple of weeks. But as the first attempt, the first batch of chips may be complex and they may not function very well."