Though Red Octane doesn't divulge to Eurogamer just exactly what "we're looking into it" entails, there's little hope that a further software patch could repair completely inoperative consoles. There's also no direct evidence to suggest that the patch itself is causing the Xbox 360 hardware to malfunction. The operating system might be fooled into thinking there is, however, which isn't much better than a physical malfunction. This occurrence is awfully similar to what transpires whenever a new Xbox 360 game is released -- is software causing a new problem, or is it letting you know that you had a rotten system to begin with?
We'll let you know as soon as RedOctane or Microsoft comment further.