Alright people...
CXBX is "real." While it can't play games you've illegally downloaded, it is an advanced tool to get an .xbe file loaded on a win32 system. This is the first of many steps it will take to get the software to actually run with visuals and sound and whatnot. The process used to emulate the .xbe files is constantly being revised, and progress is slow because I am a full time student and spend time tutoring at school. Not to mention that I have a few other hobbies and I cannot devote my life to this project.
I am likely going to release cxbx.dll to the open source world sometime in the near future, I just have a few hurdles to overcome and some reverse engineering to work on before it is ready. Once the source to cxbx.dll is released, it will be possible for other developers to contribute to the code, which will speed up the process significantly.
Yes, emulation is going to happen. No, it isnt easy. Yes, cxbx is already a complicated system that does some pretty god damned cool stuff behind the scenes. No you don't see much in the way of visual results yet.
Please respect the work your xbox hacker friends, myself included, do in order to develop the software tools you use. Understand that the first emulator for any system takes a whole hell of a lot of work, as it is new territory.
Peace,
Caustik