It's not actually chipped mind, its softmodded but it means the exact same thing - it can play copies.
Its a clear case model, with matching controller. Upgraded to 160GB hard disk, and comes with 20-30 games ripped to said hard disk ready to play (can get a list on request)
It also has Xbox Media Center installed and set to boot as default so you have an instant media player - connect it to your network (wired) and you'll be able to browse to your PC and play any videos, music etc - there isnt a lot it doesnt play.
Its also got a shitload of emulators and ROMS installed
Also comes with:
-Controller adapter to use a PS1/2 pad
-Official XBox remote (useful for media center)
-Offical MS RGB scart lead, includes optical audio output
£50 ono