XBox can be Hacked???

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I wanna ask something about this console. is taht true if XBox can be hacked?? i heared there's a software can be used for hack XBox. its name is EvoX or EvolutionX. i heared too, it function is for hack scrypt code reader in XBox. After this, w can play PS2 game in XBox. If its true i just wanna buy XBox, than play PS2 and XBox game..