Want this question answered?
You get banned for modding anything dealing with an Xbox
Yes.
Yes
Yes especially online modding.
It's likely that neither you or the person modding will get banned, most of Activision's attention is on Modern Warfare 3 right now, but if they were to find out, you would not get banned, only the person modding.
Modding is illegal and you will get banned from Xbox permanently if caught.
Modding is illegal on the Xbox 360 and therefore you will get banned.
I wouldn't want to know because you can get a suspension from modding on Xbox LIVE
Because, in many cases, it will void your warranty, and if you get caught by Microsoft, your console (but not your account) will be banned from Xbox LIVE. that's why it sucks my cousin got banned like that too so is my brother's too what the hell. This xbox 360 can suck my penis
you get banned from Xbox Live. If you do ever get banned its because of glitching modding. Since I'm a glitcher, i have to be careful of what i do for my glitching have never gotten banned, but i think Bungie found out what i did and now i cant do any SHOOTIN AND LOOTIN achievement's on campaign
For you to be able to play the game itself - no.
If you are caught modding, your character either has its exp reset to 0 or you are permanently banned. They are very good at catching modders. It isn't worth it.