I managed to get an external hard drive for my Xbox, and moved the majority of my large games to that to save space on my console. I have noticed an improvement on load time when flying places, theres maybe a couple seconds delay to get into my inventory to swap weapons, but its a lot quicker than without the external hard drive. When in groups, i tend to load in places a lot faster than everyone else. But good god, the amount of time it takes just to get to the character selection screen is absolutely ridiculous.