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When it launched in Nov 2005, the X360 cost $400.

Now it's March 2009, and it still costs $300.

So only a $100 drop in price in three and a half years! And it has just reached it's peak year saleswise (and what a great year so far).

This should tell us something. That generations have become longer. I don't think MS can launch a new console for $400 in 2.5 years from now (Nov 2011) when the X360 Pro still costs $200.

So Nov 2012 is more likely for an Xbox 3.