I agree, XBox was prematurely discontinued and all XBox exclusives were released early to push a maximum amount of XBox fans towards the platform within an as short as possible timespan. The 360 did not receive enough testing and planning, everything looks like a rush job regarding the 360.
I foresee troubled times for the 360, the PS3 indeed proving to be much more powerful, the PS3 proving to have a better longterm games line-up, Blu-Ray indeed pushing HD DVD out of the market. Microsoft's FUD and Hype will probably backfire, fans will feel themselves fooled for spreading the gospel. I know one fanboy (a game reviewer!) who publicly called me names because I stated RRoD problems were widespread and he repeated and furiously defended the Microsoft Gospel that hardware issues are within industry standards and only his and others launch units were flawed (eventually he couldn't handle it for being wrong, asked his account to be deleted, will others feel similarly?).