I'm not sure when they're releasing a new Xbox but the "old" one still runs great games and has a huge amount of titles you can play. I'd just get that one and not risk waiting 1-2 years for the new one. Microsoft could always surprise people but I personally haven't heard any rumors of a new one coming.
pretty sure they released xbox kinect instead of a new system. Plus they updated the xbox's since they first came out, built in wifi+bigger hard drive now
Truth. Also, you have to figure that once the system is announced, you're looking at 1-2 years before the system is actually released, if you're lucky ONE launch title will be a great game, likely no well built competitive titles at launch, and then down the road good games will start to drop. I'd say pick up a 360 slim with a wifi and hard drive now, they're absolutely awesome - I truly don't even take advantage of mine with things like Netflix, ESPN, etc. They're working towards an all-inclusive system and slowly be surely acheiving the goal.