XBox Homebrew
Modding your Xbox gives you access to an astoundingly more valuable product than something to just play Halo on. There's a huge variety of programs available to you, and all of them are available on the internet. Almost every emulator supports up to 720P resolution, meaning next to the Wii, the ideal way to play old games on an HD set. Can even use a scanline filter if you really want to.
Be careful what you delete on the Xbox, because it has the possibility of bricking it. If you do happen to brick the xbox, a modchip will bring it back to life. A modchip also makes it much easier to install a bigger harddrive. A normal xbox has a 10GB harddrive, which can fill up plenty quickly. Xboxen will accept most 3.5“ IDE drives.
Dashboards
A Dashboard is comparable to an OS. Allows you to access to your Xbox by FTP, browse your Xbox harddrive, and launches any of the apps, games, and emulators you have installed. This is what will boot up instead of Xbox green menu.
EvolutionX
If you follow DeusJester's guide, this is your new Dashboard. Not much to look at, but allows you to easily
FTP and launch things.
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Probably what you will want to make your default. It plays just about every video file in existence, has a fantastic
XBox 360 Blades skin, and now has the ability to launch games directly. Also your Xbox is now a region free DVD player! One that you can just use an xbox controller to navigate!
Applications
Emulators
Surreal 64 - Nintendo 64
There are two versions of this recommended Beta 5 and 1.0. The developers never released the source and disappeared, so gamers have been crushed for years. Some games play surprisingly well (1080, Waverace 64, Mario 64, Sin and Punishment) and the games that gave Windows based emulators problems give the Xbox problems. Surreal is 3 emulators in 1 and has a variety of settings, so there's a possibility voodoo will make your game work well. Majora's Mask worked great until it froze on me at the same spot twice. Better off buying a real N64, or hoping Virtual Console gets on the ball.
pcsxbox - Playstation 1
Somewhere between Coinops and Surreal is pcsxbox. There's not a lot of documentation of what changed between versions, and some games play better with different versions. I've managed to get through Symphony of the Night, and most of Crash Bandicoot 2 on my version. Says 1.5. There is a compatibility list, but I've found it mostly useless.
Ports
Each of these plays near perfectly.
External Links