At the earliest, I would say 2012. With the economy bad, the RROD just now getting taken care of and the bad consoles fading out, it is not a good time to change systems when the current one is fine. There is much more they can do with Xbox 360. Also, I don't want the next console to be just better graphics, it needs to be an even better entertainment hub. I would like to see a good web browser with keyboard support. There needs to be many more features involved.
On another note, I don't think dvd's are the future for consoles. There will have to be a new format. Something along the lines of the memory sticks would be great, durable, and allow for a smaller console with not dvd drive. Don't know if that will work, but dvd's are getting old.
Crocodile_Key
i like ur idea. i agree it should be a lot more than just graphics updates. it should have overall more entertainment and i think microsoft will do that. Xbox live 3.0 (my pet name for the next-gen xbox live) will be the premier online service once again and will push not only online gaming but also live tv or recorded tv shows directly to ur xbox also they will continue the netflix thing and i think that microsoft will probably say goodbye to disc-based games and everything will be available via download i think the games will be available for purchase thru xbox marketplace, order controllers and other accesories. and another plus would be that teens or someone not old enough for a credit card can buy a prepaid card for purchasing games and such on the marketplace (similar to what they have now)
but o man i think they can do a whole lot with the next xbox but thats just me thinking wayy far ahead lol with the economy in a slump it will take a while for the next xbox to come out and on top of that plenty of consumers are happy with the 360.
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