I mean sure, just unlocking the console dont magically let you run games (that were CFW and booters come in and what dedicated teams for piracy kick in) BUT, even before that, a console do need to be cracked and that legs work is mostly done by people wanting to implement HB.
also, regarding "thats not the point". well, it kinda is, the reason why you dont see the same level of piracy/ emulation on other devices (currently, PS1 was something on its own) compared to Nintendo even when they (xbox in this case) already been cracked, is cause there is not enough "demand" for it for those working on those shady programs to spent time and resources compared to the always desired (and often tried to be justified) piracy of nintendo games/ hardware.
Piracy on the PS2 was rampant, and mostly done without homebrew, although nowadays FreeMCBoot + HDLoader is the goto for people with PS2 HDDs.
Piracy on the PS3 was rampant, and due to the freeness of PSN at that point, was a nightmare online. People were coding breakout tools that ran on a TI-83 they were so desperate.
Piracy on the PSP was almost the entirely of it's western presence. I knew people who were buying PSPs by the tens just to flash them and load monster hunter. It was rampant.
Piracy on the Vita is rampant (especially now that it's a "dead" system)
Piracy on the original Xbox was pretty substantial.
Piracy on the 360 was rampant, and didn't even require custom firmware. You just straight up flashed the DVD drive to ignore the security check on boot.
Every system gets pirated, every single one. It's not just a matter of demand or popularity, so trying to argue this angle that nintendo pirates are in a league of their own is a weird angle to take. The PSP scene was massive in it's heyday, and the DS scene was mostly driven by flashcarts, no real homebrew involved.
The fact of the matter is, either Microsoft has finally built a system that isn't going to be cracked anytime soon, or the few people who hold the keys to unlocking the thing have elected not to release it to the public because, contrary to a few other posts in this thread, most people in the scene are not here to enable piracy.