The next version of the XBOX, called the XBOX 360, was announced today. They did this kinda lame thing for a half hour on MTV (but hey, what do you expect on that channel), but the device itself looks really awesome. Games, pictures, video, audio - it's a HD media center extender and game console and much more.

If you saw the MTV thing and found it lacking, check out this video. It's very good.

(found via Engadget)

UPDATE: Another preview video has hit the net.