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Bruceongames said:
It could.
Remember it will have a ten year sales life.
And we haven't got into the meat of the sales yet which come after it is reduced in price to be an impulse purchase.
The main decider will be the war with PS3. If Microsoft win this convincingly then they have a chance of doing those numbers.

Also remember that the market in established console nations will be much bigger than it was for PS2 because of the broadening game playing demographic. And new nations like India and China are coming on stream. These have enormous potential over trhe next 7+ years for the 360.

 10 years? WHAT???? Isn't that only for PS??? 10 years is WAAAY too long. Even the next Wii will have come out and have better graphics than the 360 has in 10 years