Just cause you brought modding up.
The modding this time is not going to be as easy as it was on the Xbox. It was built from PC components and therefore it was easy to mod, and all the homebrew software was easy to write. This time the architecture is so much different, I think it'll take a while before we get anywhere near the functionality of the mod-chips on Xbox.
That being said, one of the main reasons people modded their Xboxs was to turn it into a media centre, and since MS is allowing you to do that in a legit way this time, it might not be that bad.