“We’ve no plans for another Xbox,” said McGill. “You’ll continue to see us bring amazing new experiences to the console, without you having to buy a brand new console. A couple of years ago we didn’t have movies, Sky, Facebook and Twitter – now we’ve got things like Kinect.”
“We’ll continue to evolve those gaming and entertainment experiences through the power of software updates, rather than new chipsets and plastic.”
Microsoft said that the Xbox 360 will last for ten years, and it has been out for six. Microsoft's Kinect and Sony's PlayStation Move just increased the life of both consoles.