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What they do:
The exploits are "hacked" saves for certian games(MechAssault, James Bong, and 1 other) that, when loaded somehow loads a moddified bios. Then it loads the EvolutionX dashboard and allows the user to ftp over files. Now is where the real exploiting goes on. There are different files that the Xboxdash loads up. Somehow some people found out how to load some new bios in the process..bla bla basically they allow you to play unsigned code. aka backed up games, homebrew, XBMC, Windows CE, Some modified versions of Linux, ect.
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