I have two xbox's..one modded for my emulation and XBMC needs and one untouched. A modded xbox turns into a complete media center with xbmc..i love the ability to stream movies,music,pictures,etc from my upstairs pc down to my xbox on my home theater. Pretty nice shit....MS can detect your modded xbox if the chip is on like some have said or if it has a larger HD it can also detect that in it as well. Also its probally better just to buy another xbox as they lock out your box and your Live account is gone for that particular modded xbox as each xbox is unique.
The best things in life are free
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