Interested in an Xbox 360 at a low-low price?  craigslist.org is the answer now, as gamers begin selling their banned 360 consoles.  It's being reported that countless listings have appeared in the last three days, with more on the way no doubt.

This follows Microsoft's recent actions against perceived pirates -- anyone with a "modded" console -- which rendered between 600,000 to one million consoles LIVE-less.  They're still good for offline play though, so the previous owners are hoping to get at least a couple hundred bucks for their impotent machines.  "Modders" also discovered that their LIVE accounts still work, so the recent ban-fest only applies to the altered consoles.

Buyers should be warned, however, that not all sellers are being truthful and may list their banned Xbox 360s as unmodified.  This happened to "Kevin," of New York, who had a modded 360 of his own and needed a working one to sign on LIVE.  As such, he purchased another used console, only to find that it had been tampered with as well and could not go online.  He also notes that while his account is still active with Achievements intact, his profile is now "corrupted," meaning his saved games are all gone.

Like so many others, Kevin is hoping to sweeten the deal for buyers by throwing in some used games.

Microsoft has since released a statement warning gamers about these modded units:

"If you purchase a modified console second-hand, the warranty is not transferable and the purchaser assumes the risk for any previous modifications.  If you purchase a console that has been previously banned, you will not be able to connect to (Xbox) Live."

That should go without saying, but liability can be complicated.  So if you're in the market for a used 360 and don't plan on using LIVE at all, craigslist is your new friend.  Just be wary and don't get bamboozled.