With the impending release of the XBox 360, you may want to do something with your first gen XBox besides just send it to Shady Pines. Hack A Day has compiled a good set of links with various semi-retirement options ranging from installing XBox-Linux to using it to build a cluster.
It is healthy, I shall come on your site more often, thank.
I don’t own an XBox, but if I did and it was time to retire it in exchange for a 360, the first thing I’d do would be to tear the box apart and make a new one. Besides being thick, it’s damn ugly.