The analogy is not correct.
There is a cheap,working hack on the xb360-the DVD one.
After that,this kind of hack is more like a geek thing,everyone will do this after watching the The Star Wars Holiday Special.
Even if you do it ,after that the maximum benefit could be a limited time period with an aimbot in the CODMW
,or to be able to play a few DLC.
I'm happy about this hack.
IT is fairly complicated(so no script kid will be able to do it) ,it open up fully the machine,so it will be possible to store and archive outside the MS vaults everything,that has been made for this machine (including the DLCs)