via http://www.emucr.com/

Cxbx SVN r173 is released. Cxbx is an Xbox emulator for the Microsoft Windows operating system developed by a group of programmers led by a hacker named Caustik and written in the C++ programming language. Cxbx's goal is to convert a game from an Xbox executable to a native Windows executable.

Cxbx SVN Changelog:
r171
Xbox Dashboard (3944) is now working okay (not perfect).
r172
Quick fixes for Dashboard.
r173
(None)

http://sourceforge.net/projects/cxbx/