Well my initial action was kinda "noooooo

i don't want to buy a new console, my xbox has years left in it

"
But after reading about the hardware and more memory side of things then okay i can see how next gen consoles will be another leap forward, thing is im actually perfectly happy with my Xbox360 and the graphics its pumping out and games its producing (skyrim, Gears 3, Rage etc) they keep an old fart of a gamer like me respecially happy when i think back to the days of the commodore 64 and the nes.
Im still impressed by what the current hardware can do and is achieving, so im am/was happy for it to stay around for another few years, but i take the arguents for extra memory and ram on board.
I just hope the next lot are backwards compatable

I love my old games and i don't want to be reduced to using them as coasters when my xbox red rings in its decrepit old age