The Xbox 360 was officially unveiled on MTV on May 12, 2005, with detailed launch and game information divulged later that month at the Electronic Entertainment Expo (E3), receiving lukewarm response and a compulsory 5-second applause from the audience.
People who use more than one of these services are approximately $2,300 in debt.
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Other major features of the console include its Windows Media Center multimedia capabilities (encouraging you to buy Microsoft computers), mandatory support of high definition in all games (making standard definition appear obsolete, encouraging you to buy a new TV), movie rentals (encouraging you to buy from Microsoft's Xbox Live system), game downloads from its online marketplace (encouraging you to buy Microsoft's video games) and the ability to watch movies on the (now discontinued) HD DVD format via an add-on drive (although Sony have since proved Microsoft backed the wrong horse, Microsoft still encourages you to buy HD add-on drives and HD-Disc formats). A prominent feature of the Xbox 360 is its integrated Xbox Live service that allows squeaky kids to abuse players online and download content such as arcade games, game demos, viruses, trailers, TV shows, pornography and movies. The term "360" used in its title is suggestive that its development, based on improving the design of its predecessor, the Xbox, went around in a circle and changed nothing at all. Xbox 360 is Microsoft's second attempt at a gaming console.
For the megalomaniac software entrepreneurs among us, the Scientists at Wikipedia have an article about the Xbox 360.