no no ,like $300 for xbox ........$350 with DVD stuff ,maybe $400 ,and you have a cool setup for your tv .
Some people like the thrill of doing stuff like this ,there are people who take those $100 internet appliances and turn them into pc's for like $50 and some effort ,its just fun and doing what your not suppose to do ,like overclocking.
Taking a $100 cpu and getting a $200 cpu for free,..... FUN!!!