QUOTE(DemisesAngel @ Sep 13 2011, 04:47 AM)

You won't get a dignified answer from anyone. You'll probably get a bunch of run-a-rounds or people flaming you (although I'm surprised you haven't yet), but you need to do some research or I can just save you some time by answering, "NO." There was one method (experimental) I remember seeing quite some time ago, but I can guarantee your lack of knowledge wouldn't get you anywhere close to being un-banned let alone it wouldn't be worth it.
Do yourself a favor, keep the banned console, play your "back-ups" and use the legitimate version on your new XBox. GoW3 is coming out soon, get the new limited edition console with the 320GB HDD.
Ugh that means i have to shell out more to M$, as if they dont make enough....