I found this video about some sort of saved game editor for the XBOX 360. just a warning when you download and begin installing the application, they included these useless search toolbar and a disk optimizer which can be easily removed.
I really hope the health/armor, invincibility cheats are discovered soon. I've been checking daily if not two-three times a day to see if there's any news, but the last cheat discovered was the moon gravity one. I'm still tryin to keep my hopes up!
Ok,I see the Badass folks of CH posted an updated cheats .and it does have full health /armor.from past experiences I have learned a cheat like that is just to "replenish" your health/armor.it is not permanent .. Is this also true here or no..? actually P.O. I traded it last week now..grrr...lol