Nah, it doesn't. It only turns on when I have the cable not plugged in.
Actually, when I have the little mic dongle plugged in my controller, it turns green for a couple of seconds even when the xbox doesn't do anything.
Edit: After two months of just leaving the xbox alone, it just seems to have worked again o_O Sorry for this now useless thread, but thanks helping.

It's actually quite odd...hopefully it doesn't come back.
Double edit: I tried opening the dvd tray, and it wouldn't open. I tap it on the top (I'm used to having to do this cause my dvd tray has had a problem with opening), and it seemed like my lid wasn't fully on. So when I hit it, it snapped down, and now my xbox wont work again >_<
This post has been edited by UnblessedGOD: Aug 9 2007, 03:05 AM