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YES Ofcourse it is. They trippled the sales over the original xbox. As a gamer, they succeeded in the first 3 years of this gen, they had all these exclusive games like ME, Bioshock, Lost Odyssey, Gears, Halo, Left4Dead etc. But ever since 2009 when they announced Natal things started going downhill in regards of exclusive games.

I hope with next gen MS focuses on constantly providing exclusives troughout its whole lifespan and not just at the beginning.