I have 2. One I modded with a chip and 250GB hard drive in 2003 and use it as a media center for streaming content from my PC's (I like it better than my Media Center PC streaming via the 360, since the Xbox modded software can handle any file format).
The other, I use as an extra DVD player in a bedroom w/ the DVD IR remote kit.
I haven't touched either for gaming purposes since getting my 360 on launch day though. They're both getting a 2nd life outside of gaming, but will always be ready to fire up if I'm feeling retro.
Any reason to keep old XBox around if you have a 360?
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