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"According to IGN."

I'll believe it when I see it, not because some source rumors so.

I'm sure the 360 will have a strong year, MS aren't going to lie on their backs while the other consoles release some stellar software. 

I know Kingdoms is being mentioned as a 2011 release, but we don't even have a trailer for it yet?

So I think it's either:

-Being rushed to meet a deadline

-Actually a lot further along in development than we think

-Going to be delayed to 2012.

I'd say the second two are the most likely. As for Alan Wake 2 releasing in 2011, not a hope.

We always have speculative threads like this each year for the 360, and each year there are always a few surprises. A big exclusive could literally come from any third party down the line for the 360.