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Microsoft definately won't bring a successor out to 360. They will probably provide a redesign of the 360 based on the graphics and cpus being on one chip now.

They will have a lot of exclusives this holiday season but they will focus on the casual market with natal.

The big one I am interested in is Rare. After doing more then one game a year average for the first few years of this generation they went quiet... I think they will come out swinging with a game that will be bundled in Natal and another core game oriented to Natal.