Well, in the mail today I received my latest copy of the Official Xbox Magazine. They do a great cover story on The Elder Scrolls IV:Oblivion. They also have a lot of info on the soon to be released 360. Here is a rundown of what they reported:

First off it looks like November 15th will be the official release date (though no official date has been announced yet). This would be 4 years to the day that the Xbox was released. There is a strong possibility however that this date could be pushed back a few weeks.

Games for the 360 are going to sell retail at $59.99-$69.99 in price. (OUCH) Don’t be suprised if you see some games selling for $74.99 as well.

Still not a whole lot on backwards compatibility. It looks like though that when the 360 launchs only 5-20 games will be supported for this feature. They might already be on the hard drive. It looks like you will have to download off of Xbox live to support the rest of the games.

There is talk that awhile after the original launch there will be a new version of the 360 released which will come with more controllers, a bigger hard drive, and a ton of games pre installed on the hard drive.

All that being said and my wife constantly trying to thwart my plans at buying the 360, I might just wait awhile. There are a ton of games that are coming out for the Xbox that look like they can keep me occupied until I can further convince my wife. Among the games coming out soon: Fable The Lost Chapters. 30% more gameplay than the original with tons of new levels, characters, missions, etc. Guess what, it only will sell for $19.99. There is also Half Life 2, Brothers in Arms 2, Stubbs the Zombie, X-Men Legends 2, and a plethora of other games that will be less than $50.

I will keep you guys posted. My wife did say however that if I get her pregnant than I can get the 360. Those of you with kids, is this a trap? If we have a baby and a 360 will I be able to give my attention to both? Or will one have to suffer?