This XBox analysis is more difficult compared to PS3 analysis, due to the fact that they lump all kinds of other divisions together.
The first 9 months of the Games Division, look very positive at first glance.
However, keep this analysis in mind. Remember, to have a more critical look of the division numbers, we have to strip out the Zune and Windows Embedded departments.
It is quite possible that Windows Embedded make some money.
Though I really am not sure about Zune/IPTV/Consumer Hardware and Software department - due to Zune's (lack of?? success??) and the high costs of launching, introducing and marketing that product.