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I would have to say no. They have spent plenty on getting the games onto the console, but really, it's a souped up Xbox. Halo 3 is Halo with more polygons, and that is all the 360 can do. If they hadn't very quickly discontinued the old Xbox, I'm not sure there's much reason to upgrade from one to another.

The PS3 (over PS2) brought online gaming, built in hard disc, wireless motion sensitive controllers, Blu-Ray and more. The Wii took a completely innovative avenue in turning away from the idea of just adding more power.