The Fury on 16 July 2008
There was a short news bit about Microsoft's press conference on Radio1s newsbeat, it literally said the same thing above about 'emulate'.
They made a fuss about it as the 360 in this country is seen as the shooting console. (still is by msot the general public).
Final Fantasy wasn't even mentioned in the report (although short that it was). Although they did mention the new look and 'Avatars' which they said was odd mix of Wii's Miis and Home.
Hmm, pie.
