Yes its an Xenon below 7371, so go for it. If you want to jtag it on the cheap buy the stuff in the image below and wire the console up as per the image. Worked great on my launch console, Jtagged for less than £5, presuming you have a PC with a parallel port that can operate in SPP mode. (Usually a very old PC).
How to JTAG your Xbox 360 and run homebrew Would this guide help? Also removing the chip on step 10;would it prevent from breaking my hardware during update
I replied to your PM, however for anyone else reading this yes. Power cable should be in and switched on, however don't actually power the 360 on.
My points were OK on my Xenon Rev but my bro's don't work Here are my Xbox's solder points my Xbox works but my bro's don't dump NAND and AutoGG keeps freezing even with my working JTAG but other features like XeBuild still work