Ok, well by now everyone has read about the xbox banning wave that took place about a month ago. I myself, had one of my consoles banned but have an Xbox 360 Elite which isn’t flashed and I feel that my part in the piracy ring was harmless. I bought the games I downloaded and feel no real damage was done. I supported the company that made the games by purchusing them.
Now people are trying to sue Microsoft for taking advantage of the video game industries window of opportunity with Modern Warfare 2, Forza 3 and Dragon Age Origins all released in the 4th Quarter market this year. They banned the consoles that broke the Xbox terms and conditions (which they were right to do) and driving people to buy new consoles so that Microsoft can make more money from consoles sales due to these games releases.
Frankly, If you flashed your console you should have expected to be caught. There was never a 100% guarantee that your console was safe, So it’s 1-0 Microsoft.
The best way to get your money back is selling your console. Whether it be on Ebay or another auction site or merely selling it to a friend who wants to play copied games. I sold mine for £110 and made most of my money back. Microsoft boast 31 million units sold and 18 million on Xbox Live subcribers so sell your console to the 13 million offline gamers!