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^^Actually you don't get banned for having a modded 360.  I guess you just have to keep updating the software you put into it.  I have 1 friend that has his 360 modded and he pirates games, and goes on live once in a while (I think he said there was also a way to turn off the mod if he wanted too)

OT: So there's gonna be plenty of juicy DLC eh?  I hope they are kind enough to go easy with pricing, and maybe even have a few free DLC pakcs (fat chance though)