Well, if they start banning everything that could be used in crimes, we'd have to give up everything and head back to stone ago.
Couldn't have said it better myself. For some reason the powers that be consider modchips different.

I am all for copy protection. They should make games difficult and expensive to copy. They should void all warranty and service agreements if the equipment has been tampered with.

Making it illegal for me to do what I will with property I own, is a nasty precedent. And bad for collector's to boot, IMO.