XBOX Hacking

The Wall Street Journal published an article today ‘Hackers' Xbox Game: Decoding The Console’ that includes an interview with Andrew Huang author of Hacking the Xbox: An Introduction to Reverse Engineering. While the article is interesting and points towards the significant efforts underway to hack the Xbox 360 the author also interviews someone who creates and sells Xbox modchips for the original Xbox. This unnamed individual claims that creating a piece of hardware that enables use of copied games is not wrong. This is claimed because he says he only sells the hardware but not the software also needed to enable piracy and that therefore what he is doing isn’t wrong. I don’t understand this point of view ( even if I do understand his motivation for making the claim). My understanding is that such a modchip has only one use and that is to enable the playing of copied, stolen or re-distributed games. How can one think that this isn’t wrong? Is there anything else that can be done with such hardware?