Is my console ok?

Hello, My name is Jesse. I'm an Independent Advisor and a member of the Microsoft community and I'd love to assist you today.

Seems like just an issue with power brick. The console itself should be fine, but there isn't a way to know for certain until you get a replacement brick.

Hope this helps

As long as your xbox uses an external power supply/ external power brick, you should only need to replace that power supply. Most likely the console itself is still ok in this case.

It is entirely possible that when a power supply goes it can take your computers in this case Xbox with it. Those popping sounds and smoke were likely capacitors blowing which can send power surges into the console. Attach another power supply to it and cross your fingers.

There are some troubleshooting steps in this
sticky about consoles freezing.

Worth a look!.

I have decided to cut my losses, and will be getting a 250gb S model next week. I hear it has a much less percentage failure rate (I have not even heard of it failing for anyone who weren't trying to make it fail). Cut my losses in the long run.