Being Sued (Score 1)

You couldn't be sued for this. You physically own the product and there's no software currently being hacked. They can only get you if you reverse engineer the copyrighted software, even then you can say you did it under the DMCA for educational purposes. Thousands of people have hacked Xboxs, and Microsoft being as big as it is, hasn't gotten anybody. The most they've ever done is told them not to do it anymore (and this is only when something was related to the copyrighted software).