Needed:
One Xmods motor to be modified
One spinbrush motor
Small screwdrivers
Tweezers
Maybe a soldering iron
My motor tech vocabulary is poor, so bear with me...
1-Get your 2 motors
Do steps 2-6 to each motor
2-Pry the tabs on the motors up that hold the endcaps on
3-Insert a screwdriver in the tiny gap between the end cap and the little plastic piece inbetween the connectors, and pry. This allows you to remove the end cap while leaving the wires and brushes in place
4-Pivot the brushes out of the motor being careful not to bend or twist them too much (you may need to pop off one of the solder points on the can)
5-Use the tweezers and pull out the "U" clip on the top of the motor that holds the magnets in place.
6-Use the tweezers to pull the magnets from the can. Set them aside so you know what side of which motor they came from.
Steps 7- do only to the Xmods motor
7-Put the SB magnets into the Xmods can. Put the LEFT SB magnet into the LEFT side of the Xmods can and vice versa. In other words the same sides they came from (Or else your motor will run backwards, like mine did at first

) [EDIT: I have corrected this step]
8-Put the "U" clip back into the motor. Push it totally into the can, but so that there is a little of the clip left right in front of the magnets for you to grab in case you need to change magnets again.
9-piviot the brushes back into the motor, carefully, again.
10-pop the endcap back on, and bend the little tabs back down to hold the cap in place
11-Try spinning the pinion, it should turn freely. You will feel a small "grabbing" force as you turn from the stronger magnets.
12-Solder the connection back to the can, if you had to break it in step 4. Remember to rough up the can a little with sandpaper or a file to make the solder stick better.
13-dispose of the extra spinbrush parts or save for experimentation
14-install the motor in the car, insert fresh batteries, and play!