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Of course the X360 will reach 50 million LTD.

VGC numbers for week ending 2nd Jan 2009 will show that the X360 sold almost 11.5 million units in 2008 and a total of 27.5 million lifetime.

Personally I feel it might have been a bit over-tracked lately in Europe, and I'd guess the revised (by shipment) numbers from VGC will have rufly 10.5 million for 2008 when all is said and done (total 26.5 mill).

Even if the PS3 cuts his price by $100 in March 2009, I believe the X360 will sell nearly 10 million in 2009.

That gives:
2005-2008: 26.5 mill
2009: 10 mill
2010: 9 mill
2011: 6.5 mill (Xbox 3 launch in Nov 2011)
2012-: additional overlap into next gen sales: 3-4 million
--------------------
55-56 million