I don't know.  I haven't heard of one newly announced title from Microsoft that seems to have the same selling potential as Gears of War or Halo.

Besides Halo 3 ODST I have not heard anything...Alan Wake Is the only Hyped game from MIcrosoft Game Studios...That's why this E3 is such a nail bitter...

It's a waste of time to even consider the possibility that the next Xbox is only a year away. Until the 360's sales are in decline, a significant portion of the $5-6 billion lost on the Xbox so far is recovered, and the recession is at a definite end there is absolutely no sense in MS releasing a new console. On top of that, there is little incentive to move considering the fact that neither Nintendo nor Sony want to make any moves themselves. 2011, I'd believe, but 2010 is just a bit too hard to swallow.

i dont want to see any new systems released for atleast 2 years. preferably 3-4.

I think people assume that a console manufacturer has to kill off their previous console when they release a new one, and I think we may have hit a point in time where console manufacturers try to have a longer transition period where both consoles co-exist.

I could be wrong but I expect Microsoft may try to produce a new console where they can release a game for the XBox 360 with "Low Detail" settings and it would have a resoultion of 720p @30fps, and it could be (easily) released for their next system at "High Detail" settings and would have a resolution of 1080p @60fps while playing on the same XBox live servers as XBox 360 players.

The reason for this is that third party publishers are going to be very reluctant to finance games at the budget required for HD games today on a system without an established userbase.

Now, I don't think that "Enhanced" XBox 360 games would be the peak of the system's abilities, but I wouldn't expect a lot of focus (from most developers) on pushing the system until it had been on the market for 18 to 24 months and had a userbase in excess of 20 Million users.

Early 2011 is my bet.

It's a simple innevitability.  When the consumer sees two very similar products on the shelf and one is strictly superior to the other in everything but cost they are going want the better item.  Some will recognize that their wallets can't handle it and go for the cheaper option, but even they will wish things worked otherwise.  So if a new Xbox hit shelves, the 360's sales would drop like a rock so long as the new Xbox wasn't priced at some ridiculous number like $600.  They could still support 360 gamers with scalable games, of course, but they will be sacrificing a significantly profitable product to put another loss leader on the shelves and that's highly illogical for the reasons I mentioned earlier.

doing this would be the only way we see one before 2012, but i still highly doubt one will be out next year even enhanced at most look for body/case redesigns all cpu/gpu on one chip or ram/cpu on chip. the point you put out devs have to support it, and i dont see that happening until 2012

nope to early

It must be nice to work for some ivory tower website and be completely oblivious to the current economic climate. There won't be a new Xbox console announced this year period.