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See AllHell is Freezing Over for PlayStation and Xbox on August 26
The reality is that XBOX has realized their systems end up flopping. They announced they won't be making new ones and will just be making software. A hard thing to do without a console sponsor, which you don't have with no console. Now they are staying afloat by merging games and, in future generations, will just release games on other consoles.
Post by Matthew