Edit: made a little web page here:
http://dannygalaga.com/xbox.htmlA friend warned me maybe a year ago that I should remove the clock capacitor from my xbox if it hadn't already been done. The reason you should check and remover the capacitor is that they are an aerogel type, and have practically a 100% chance of leaking and causing damage to the motherboard, and possible failure of the machine. None of the other capacitors on the motherboard have this problem. Not one to drag my feet, I finally did it today
I pulled it apart using this guide:
http://www.llamma.com/xbox/Repairs/crack_open_that_xbox.htm(link fixed

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There were only ten screws in my xbox, so relax if like me, you kept recounting hoping it would add up to eleven! My xbox was working when I pulled it apart. Sure enough, that capacitor had been leaking. The acids (or alkalines, some nasty ---steaming pile of meadow muffin--- anyway!) was starting to cause damage. I removed the offending capacitor, and proceeded to clean up the mess with cotton tips and a little fresh water. Then went over it again with cotton tips and methylated spirits. But wait a minute, surely there was a surface mount component just there! Crap, I had a look at the cotton tips, and found it stuck on the end! The crap had corroded the terminals and it was just hanging on by a few molecules of matter. ---steaming pile of meadow muffin---, is it going to work again? I gambled that it was something to do with the capacitor charging circuit and so it was now as superfluous as the capacitor itself. Put it back together. Works (",) . Just as well, my eyes aren't what they used to be (see pics)
Note, from what I can tell, the location of the surface mount component is called Q7G2. The component itself seems to have written on it 1AM and then a wishbone like symbol similar to the > symbol. It's at least 3 legs and if it's not a transistor I guess it's a simple IC, probably to do with charging the capacitor, which is why I hoped the xbox would still work regardless.