Altough we are not mainly a next gen console site, you may have heard about X-Box being cracked or similar issues. Anyway there is really nothing new worthy out, some pirates did start releasing copies of xbox games in a sort of .ISO format, though as it is, they can't be played on non modded X-Boxes (and there is no mod chip for X-box). Read full article for more info.
The news is that developer versions of the X-Box will run such copies, anyway it's not a big issue since Microsoft itself checks such unit destinations. As the pirates put it, there's really nothing new today that could not be done on day 1 of X-Box:
"We tested this game on a developer XBOX, and it works. Since there is no mod chip yet, we have no idea if this release will work on retail XBOXes when/if a mod comes out. However, now that there is a release, a modchip developer will be inclined to get our releases to work, so we think a future mod will work with this release."
Just to close some other details from the dark side of internet, waiting for an official answer from Microsoft.
"If a game is small enough to be burned to a CD, you can burn it to either a CD or DVD, at your option, using the same ISO file. The Xbox does not use media checks like the PS2."
"From our experience, the retail Xbox can only read DVD-RWs and CD-RWs, so if you want to be sure that these will work with a future mod, we recommend burning them to Rewritable discs. We have heard reports of the retail Xbox reading some types of DVD-R discs, but we have been unable to verify this."
P.S.
The Cube gets out in Europe and same day all this happens on X-BoX...