Many of the 300,000 users that are currently playing the Halo 3 beta are skillful modders who over the last few days have been examining the beta's code. They have found references to unannounced weapons, new vehicles and game types but probably their most precious finding is the fact that Halo 3 will support up to four players co-op on Xbox Live and System Link. 
Scrolling through the list of on-screen text for party menus, one sentence revealed the following: 
The game cannot start because all players are set to observer. Too many players for splitscreen. Only 2 players may play splitscreen coop on the same Xbox 360 console. The party size is too large to start the game. Up to 4 players may play coop on Xbox Live or System Link. Loading information from Xbox Live… 
Weapons 
Assault Rifle 
Battle Rifle 
Beam Rifle 
Brute Shot 
Carbine 
Excavator 
Gravity Hammer 
Flamethrower 
Magnum 
Missile Launcher 
Needler 
Plasma Pistol 
Plasma Rifle 
Fuel Rod Cannon 
Rocket Launcher 
Shotgun 
SMG 
Sniper Rifle 
Spartan Laser 
Spiker 
Sword 
Vehicles 
Mongoose 
Warthog 
Hornet 
Pelican 
Scorpion 
Ghost 
Brute Chopper 
Spectre 
Shadow 
Banshee 
Phantom 
Wraith 
Game Types 
Capture the Flag
Invade your opponent’s stronghold, heist their flag, and bring it back to your base to score. 
Slayer
Kill as many of your opponents as you can. The player with the most points wins. 
Oddball
Find the ball and hold on to it to earn time. The player with the most time wins. 
King of the Hill
Gain control of the hill to earn time. Keep your opponents off and earn the most time to win. 
Juggernaut
Work together to take down the Juggernaut. Beware, you kill the Juggernaut, you become the Juggernaut, and only the Juggernaut can win. 
Territories
Find and control the territories on the map. The more territories you control, the faster you earn time. 
Infection
Destroy the Flood or become infected. Score points for killing flood or big points for infecting a human. The player with the most points wins. 
Assault
Da bomb! 
V.I.P.
Protect the V.I.P. from dying at the hands of your opponents. If you are the V.I.P., you must stay alive or your opponents score a point. 
Variations 
Apparently, you'll be able to share these with other users much in the same way you do with movies 
Team Slayer 
Team Swords 
Team Rockets 
Team Shotguns 
Team Fiesta 
Team Phantoms 
Slayer Duel 
Sword Duel 
Rifle Duel 
Rumble Slayer 
Rumble Swords 
Rumble Rockets 
Rumble Shotguns 
Oddball 
Fiesta Ball 
Team Ball King 
Phantom King 
Crazy King 
Team Crazy King 
Multi Flag CTF 
CTF Wraiths 
CTF Classic 
Shotgun CTF 
1 Flag CTF 
1 Flag CTF Fast 
Multi Bomb Assault 
Rapid Assault 
Neutral Bomb 
Neut. Bomb Fast 
3 Plots Land Grab 
Then, a glitch in the beta allowed some users to access the custom games menu option, which revealed the following settings (you can see pictures of these settings here): 
Damage resistance 
Shield multiplier 
Shield recharge rate 
Immune to headshots 
Grenade counts 
Infinite ammo 
Weapon pickup disabled 
Player speed (25%, 50%, 75%, 90%, 100%, 110%, 125%, 150%, 200%, 300%) 
Player gravity (50%, 100%, 200%) 
Vehicle use (passenger only) 
Motion tracker range (10m, 25m, 75m, 100m, 150m) 
Appearance 
Vis effects (black glow, team glow, white glow) 
Active camo (good camo that might fool and elite, poor camo that might fool a grunt, invisible) 
Indestructible vehicles (on, off)
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