Well, my Xbox 360 red ringed a couple weeks ago. My modded Xbox has long outlived it, since 2003, but that may have changed today! I was playing Jade Empire, and wanted to go back to the dashboard to open up XBMC. So I did a soft reset (Right/Left Triggers + Right/Left Thumbsticks) and then I saw the EvoX/Xbox startup logo, then the logo for Avalaunch. And that's it. It just freezes at the Avalaunch logo, and never actually gets to the dashboard.
I've left it off the entire afternoon, just rebooted, and it's still doing that. Am I screwed?