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I guess I'd expect that the next XboX to be 100% backward compatible with the 360.  I could see this scenario rolling out if they are able to simple use a new iteration of the GPU, and a souped up, but similar processor (ala PC development withe x86 artitecture).  The next box contains the winner of the HD/Blu-Ray format.

 Microsoft could roll at that point.  With similar GPU/CPU, backwards compatibility should be a synch.  If the next box is viewed more as a new iteration, and allows a seamless move for the developers....

 

 

It is a lot of if's though...

 

Pat E