We all know the Xbox life was cut tragically short but the 360 is a whole new system. Everyone is talking about Sony and the PS3 10 year lifecycle. Well Xbox 360 has been out since March 2005 and has been strong for the first 3 years and in its 4th year has postioned itself well to keep going strong with solid pricing and strong first party and thrid party support.
1) Development costs for both PS3 and 360 were high and probably will make either slow down and try to make as much money as possible on their current gen system
2) With updates availlable by internet such as the complete revamp of live coming in November they can extend the life of the console.
3) Sony's PS3 losts tons of money so Sony will not be launching a new system any time soon which gives MS the ability to ride the 360 without having to worry about Sony launching first.
I personally do not see the 360 making it 10 years but close. The rumors are system announcing 2010 launching 2011-2012. That puts 360 at 6-7 years plus 1-2 after new console launch making it 7-8 year life cycle.
Whats your opinion?
PS3, WII and 360 all great systems depends on what type of console player you are.
Currently playing Call of Duty Modern Warfare 2, Fallout 3, Halo ODST and Dragon Age Origins is next game