aren't we prohibited to discuss this matter openly... hehe u know this kind of thing will fire up few ppl here... so might wanna stop...

anyway....... to answer to ur q's yes there is chances for you to get banned for using moded console, ms have way to detect ur console got mod or not.. so once ur console got flagged it just matter of time u got in to the bannnnwagon.. so might wanna go and check the news of previous bannnwave u might get the picture of it kay...

/run