The GlitchTeam with the help of many others have shared a nice tutorial for dumping the Corona V2 NAND with an SD card reader.
Seems that the GlitchTeam along a team of hackers over at Dayton360Mods have posted a pretty nice method for dumping the Corona V2 NAND (with phison chip), using an SD card reader soldered directly to the NAND pin.
"A team of hackers from dayton360mods.com and glitch360key.fr has managed to load Xell on Xbox 360 with Corona v2 motherboard without swapping the 4GB NAND flash with a 16MB NAND flash, instead using an MMC/SD card reader to partially dump 16MB of the 4GB NAND flash and then NandPro to convert the raw image for compatibility with common build tools before writing it back."
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