There are rumors swirling about that the Xbox360 will be able to run Xbox games, and will also be able to use saved games from the XBox. Since I am posting this third hand after a translation from Spanish to English the information should be taken with a big grain of salt!

X-Box Backwards Compatibility?

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X-Box X-Box X-Box

Thanks for the info, I've heard that too. Of course it's a rumor and isn't meant to be taken entirely seriously.

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It probably isnt knowing Xbox they know if you cant play any old games your going to BUY a bunch of new ones.