*EDIT/UPDATE:
Since we designed new development hardware the RGH2 hack has taken on a new direction which has opened up many more possibilities and answered a lot of previously unknown questions. It has also presented a new set of challenges but we are excited at the progress so far. Due to the vast differences in hardware we can no longer be sure that old hardware can be converted due to much more/faster code being used. If the old hardware becomes defunct because a far superior method has been created - then that's just the way it is - and the way it's always been in console modding.
Nothing has been finished and nothing is certain. The only facts I can give you are these - If you have a phat and have updated to the latest dash then you will have to wait to see what becomes available with the new hack - if you want to glitch and have not yet updated your dash DO NOT UPDATE and you can glitch just fine. If you have a slim and have your CPU Key you can still glitch no problem even if you have updated to the latest dash. Do not buy any current glitch mods in anticipation of this as everything will most undoubtedly change. If you are unsure then do not mod.
Bottom line is the new hack is still in development, there are no answers that can be given as to how it works or to what hardware will eventually be used.