Few hours ago, MS pushed out a new dash update for the 360. The dash + kernel, now at revision 16547 is a minor one (so it seems) As usual, C4eva is going to investigate it and and will probably post a full log. My prediction: Nothing has changed other then a few bugfixes. Never the less, if you value your XBL connection on your Xkey/flashed machine. Withhold from updating for a while. Various users are reporting that backups continue to work, both flashed drive users and Xkey users. For the people with JTAGS/RGH/R-JTAG machines, expect an update to JRunner/XeBuild etc soon. Source: pic of me mate + various forums on the backups section.