I guess you "could" but the difficulty of actually replacing the SOC and have it booting is harder than any RGH or JTAG
And, again, you "could" set it to flag as XDK though... it's in practice pointless, I suppose you could say you have a absolute frankenstein 360, I guess. And this is assuming the CPU you swap also happens to be from a launch model slim that has never been updated. LDV burns on present regardless if you swap, so this sounds like a pretty terrible idea unless you're seriously into just pure hacking for fun, which is fun, but also have some money to spend.