Don't get X'ed just yet
Microsoft has confirmed it's working on a nextgen XBox. I got "screwed" by getting a Casio E-100 PDA, a palm-size PC, which wasn't upgradeable to a Pocket PC. As cool as I thought the XBox was, I resisted being drawn in to the version 1 trap, again. That, and I know I'd never leave the house or be productive if I had one. (Coincidentally, both MS and Sony dropped the prices of their game consoles, today.)
Subtlety is not one of my strengths