There's a "penguin" squatting on that XBOX! :)

The project to barge past the XBOX's restrictions on what software you can load on it, has now borne fruit:

http://packages.debian.org/unstable/misc/xbox-cromwell

The spiel for the uninitiated:
The import of this, as I understand it, is that a certain large corporation with monopolistic predilections has been subsidizing this box in order to get its foot in the gaming market's door. This would become somewhat less economically viable for them if, the masses were to buy the XBOX purely as a piece of cheap generic computing hardware to run Linux, which is free! They'd be subsidizing the hardware, but would be getting no revenues from games to run on it -- the post-market on which the loss-leader subsidy model relies.
If such use becomes widespread (can anyone pronounce "Beowulf" ?), they might even be obliged to sell the hardware at an non-subsidized real-market price and compete on a level playing field with the incumbents in the gaming market.

I say, "serves you right, big fella!"