Updating to the M8 Metoo bios worked perfectly for me. Disc 1 will work with any bios, but Disc 2 will ONLY WORK WITH THE M8 METOO BIOS. There is indeed nothing wrong with the release.
My Xbox crashes during the preload/federal warning screen. I've tried running it off my HD and a DVD-R, but no luck. I even tried copying over the two datahdd files. Anybody have any suggestions?