From the nfo:

Changes 4977->4978:
- Added FTP server, IP: 192.168.10.123, Mask: 255.255.0.0, login/password: x3/x3
- FTP server starts up if you keep the 'A' button pressed on bootup, otherwise the dashes are run
- Dashboard sequence changed to: evoXdash.xbe, avadash.xbe, mxmdash.xbe, xboxdash.xbe

So what's new?
Well we've been saying it for a long time - that Bios's would 1 day breal the 1MB barrier and beyond.

Team Xecuter are proud to give you a glimpse into to the future of Xbox Bios's and Modification hardware.

We have acheived another world first by embedding an entire FTP server into the BIOS - so as soon as you install the mod you are able to FTP into your XBOX with no hacked dashboard installed - or you may have evox, avalaunch, mxm or another installed but you messed up the settings. Those worries are now a thing of the past with X2 4978. Now bear in mind this is a glimpse at some of the ideas we're working very hard on with X3 - it's taking a long time to produce so we thought you at least deserved to get a glimpse of what to expect.

XBOX is set to a Static IP: 192.168.10.123, Subnet Mask: 255.255.0.0, Login/Pass: x3 / x3 Simply setup your NIC to a similar IP (e.g. 192.168.10.50 with a subnet mask of 255.255.0.0 and NO GATEWAY or DNS) The mod acts as normal in default mode - you won't even notice anything is different. EvoX FTP settings are not affected and you have your perfectly normal (if you can call it normal) X2 dashboard.

To activate the FTP Server - simply press and hold the "A" button on bootup and then connect to your XBOX :) Speeds are not as fast as can be (dont forget this is Alpha) but you will still get a respectable 2000KB/Sec I recorded an average: Transferred 1 file totaling 19,302,690 bytes in 10.23 (1,867.47 KB/Sec) I'd also like to point out that we have changed the dashboard boot sequence:
1) evoXdash.xbe
2) avadash.xbe
3) mxmdash.xbe
4) xboxdash.xbe

Enjoy this latest release - trust is when we say we have SO MUCH MORE in the pipeline :)

Official Site: http://www.teamxecuter.com
Download: n/a (MS copyrighted code)
News-Source: http://xbins.org