Well shit, Microsoft just had their press conference and there's a lot to get excited over:
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Metal Gear Solid - That's right MGS for the 360
But no, not MGS4. Instead it's a spin-off where Raiden is the main character. I was secretly hoping for a MGS4 port but at least this news won't have Sony fanboys slitting their wrists.
though they may have done so as soon as it was announced-
Left 4 Dead 2 - HELL YES! L4D has quickly become my favourite 360 game so a sequel is welcome with open arms. New survivors, zombies, specials, campaigns on top of the AI director changing weather effects, obstacles and pathways. New melee weapons as well like axes, baseball bats and even frying pans. Out in Nov. Can't wait.
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FFXIII - Supposedly some new gorgeous gameplay of summoning Odin and the options it brings to gameplay was shown, but even better was the news of a Spring 2010 release. Hopefully it means a PAL release too.
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Project Natal - Or the XBox 720 in essence. MS follows in Nintendo's route and adds a camera based, no controller method of playing games that's compatible with every 360. Facial, and voice recognition included. Steven Speilberg is supposedly into it and is helping develop a number of games for it. Would be interesting to see how it looks at least.
Some other good stuff mentioned as well, Crackdown 2, Modern Warfare 2, Alan Wake, Forza 3 and a bunch of other stuff no-one cares about like Facebook and twitter support