QUOTE(Aldanga @ May 10 2011, 05:24 AM)

Information about XDG3 is presently sparse. More information will likely be forthcoming in the next few weeks and months. Most speculation is that the new format will not prevent creating and running backups of games.
If you have a console that you want flashed and you want to use the latest dashboard, I would definitely recommend that you wait. If you aren't worried about playing on the latest dash, the most recent firmware should hold you over until a newer firmware is released.
It's possible to update the drive yourself, but some drives require specific hardware. You will likely need to spend some money (either a small or moderate amount) in order to flash the drive.
I don't play LIVE really at all, so does the latest dashboard effect that? I heard that when there is a new dashboard, the flash won't work on newer games?
I know I have to spend a few bucks to flash the drive, but how often do you have to update it would you say?