I saw that Geek News posted up information about that Bill Gates did some talking to the French press, revealing tantalizing tidbits about the Xbox 2. Here is the cut and past:

Gates says the new box will have a lot of multimedia functions beyond just gaming. "The next-generation Xbox will feature digital media capabilities such as video and photo editing in addition to games," Gates was quoted as saying. This isn't very surprising, since the future of home console gaming seems to be moving more and more toward becoming multimedia devices that can replace everything but the TV in your entertainment center.