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Evan Wilson of Pacific Crest Securities says supposedly there’s been a huge commotion about a new Wii and Xbox coming out in 2010. It is said that the Nintendo Wii will have a shorter life cycle and that Microsoft made a bet that this generation of the Xbox might even be hitting sooner than 2010. Wilson also predicts a new Nintendo DS and PSP in 2010. But who knows if this is for sure or not?

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Microsoft today announced that Xbox Live has reached 8 million users worldwide. They also announced that Xbox 1 games will be available for download for Xbox 360 users after the December update. In order to celebrate the fifth anniversary of the service, Microsoft is giving a free game to all Xbox Live users - Carcassonne - will be available for download on November 15, 2007.

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Microsoft has rolled out a new Xbox 360 commercial video titled “Parking Lot”. Watch the video after the jump.

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Microsoft has finally announced the Xbox 360 Arcade that will be available today (October 23) for $279. The console comes with a 256MB Memory Unit, a wireless controller, HDMI port, and a disc that includes five full Xbox Live Arcade trial games: Boom Boom Rocket, Feeding Frenzy, Luxor 2, Pac-Man Championship, and Uno.

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Microsoft has announced that the standard $349.99 Xbox 360 and $449.99 Xbox 360 Elite will be bundled with Forza Motorsport 2 and Marvel Ultimate Alliance. The bundle will be available this month.

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