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Vladez said:
Must be counting retail games + XBLA downloads.

If it is only retail games, 1000 is impossible to believe

 "We’ll have north of 1,000 games on 360 by the summer, across Live and boxed product," VP of Microsoft Interactive Entertainment Europe Chris Lewis told MCV.

 

They are counting 360 only boxed and XBL.  http://www.xbox.com/en-US/games/catalog.aspx?st=&g=0&r=0&sd=2&p=1&c=10  (including XB games playable on 360 + releases by summer = 1000+).