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The dreaded lights have finally arrived. I recieved my xbox second hand and it was already modded. I'm sure there's guide to this somewhere but I haven't seen it. Any ideas to the common causes and checks I should run? I've already started to take it apart and can't see anything terribly wrong, but I'm no expert...

I have a 1.0 Xbox that has the dreaded "Christmas Lights" flashing on the eject button. It tries to boot twice before doing its signature Red and Green flashing. Nothing is displayed on the TV so no codes are provided. It also makes a terrible noise when it fails to boot up. After tearing it down completely, cleaning everything top to bottom, removing the clock capacitor (which did not leak thank god), opening and inspecting the DVD drive then hooking everything back up I'm about 99% sure the condition and noise is being caused by a faulty HDD. My question is, assuming my diagnosis is correct, if I bought a SATA HDD (with the proper cables and converter) and installed an Aladdin XT Plus2 Modchip inside would it bring this Xbox back to life? Again, the theory is that the original HDD took a shat so I'm not worried about the DVD drive or motherboard. If there are any other steps I should take (EXCEPT softmodding and replacing the whole console) please let me know. If you require any other information I can also provide it for you. Thank you for your time and help on the matter!