Hi, I was about to play in Xbox Live when an update box popped up telling me a new update was online... So i searched on the Xbox website for the usb or cd update process and they had only the 14717...do you know where i can find 14719?
Just because things work does not make it safe. For all you know MS has your info and can flip a switch to ban you now. C4E has said absolutely nothing about whether or not this is safe yet. Keep an eye on http://c4evaspeaks.com in the mean time. Obviously if you do not care, you do not care, but for those who want to be safe, follow the rules from the man himself, c4eva.
You're always going to run a risk taking a modified console online regardless of what c4 says. The worst updates these days are usally stealth to the sec files. You will get hit and not even realise.
Edit: IMO if you are going to run the risk of taking it online then take the basic precautions but, if you have to take it off line for a fortnight evertime there is an update. which is quite frequently these days, then you may as well give up and stay off line. As you said though, it is up to the individual and I should have posted "IMO it is safe" rather than stating it as fact