Ever since Microsoft revealed Project Natal at E3, speculation has been running wild about a new Xbox being planned. 1UP claimed the new Xbox is Natal, while TeamXbox stated a new Xbox wouldn't be coming until full HD stereoscopic 3D TVs become more popular. However, during a presentation to the Executive's Club of Chicago, Microsoft CEO Steve Ballmer unveiled that an updated Xbox 360 will launch in 2010 with a natural interface thanks to a built-in camera and voice-recognition capabilities, possibly hinting at a built-in Natal. It was not revealed whether the new version would be beefed up with more RAM, a bigger HD, upgraded gfx and maybe even some more horsepower.

UPDATE: Major Nelson and Xbox boss Aaron Greenberg issued statements that this was just a misinterpretation of Ballmer's words, and claimed there will be no new X360 in 2010.

Known for its over-the-top style of gameplay, The Bigs 2 focuses on the big fast-paced moments in Major League Baseball with new opportunities to go up against MLB legends, more mini-games like Home Run Pinball, and a variety of other new features.

Microsoft is launching a new initiative to get its free Xbox Live Silver members to sing up for Gold membership, and is temporarily reducing the monthly fee to $1. This, however, is not a lasting price; after one month, the subscription will auto-renew to the premium price (unless you cancel real quick).

Tiger Woods PGA Tour 10 takes golf fans inside-the-ropes to experience the drama and emotion of tournament golf. In addition, the U.S. Open, a USGA championship, and the USGA’s Rules of Golf will be available for the first time in the franchise's history.

Based on the upcoming Disney Pixar film, Up is a comedy adventure taking you on an exotic adventure with Carl Fredricksen and his sidekick, Wilderness Explorer Russell, as you set off on a wild journey through the undiscovered jungles of South America.

Prototype tells the story of Alex Mercer — a man haunted by his past, fighting a secret war in New York City. As the action spirals out of control, a conspiracy tied to his origins threatens the future of mankind itself.

Battlestations: Pacific features a massive U.S. and Japanese single player campaign that offers a unique blend of action and strategy. Players must plan their moves carefully on huge open-world arenas and fight in the air, above sea and underwater to relive some of the most hard-fought battles in WWII history.

The launch of XNA Game Studio 3.1 begins the process of renaming Xbox LIVE Community Games to Xbox LIVE Indie Games. Microsoft believes this name better represents the independent spirit of XNA Game Studio gaming and creations! XNA Game Studio is Microsoft's free development suite for creating games on Windows, Zune, and Xbox 360.

Halo 3: ODST is a new game in the Halo saga that lets people experience events leading up to the epic story told in Halo 3 through the eyes of an Orbital Drop Shock Trooper, as they search for clues leading to the whereabouts of their scattered squad and the motivations behind the Covenant's invasion of New Mombasa.

Microsoft revealed that next week Xbox Live, as well as the My Xbox section on Xbox.com and the forums, will be down for 24 hours for scheduled maintenance. Don't get too excited, no new features will be available upon return of the service, this is merely an update to prepare for new features announced at E3 2009, coming later this year.

Turn down the lights, crank up the amps and prepare to command center stage as some of the most famous AND infamous tracks from previous Guitar Hero titles. Step into the spotlight in the most epic, full band jam session to date — Guitar Hero Smash Hits. The demo includes 3 of the 48 tracks, KISS' Rock and Roll All Night, Franz Ferdinand's Take Me Out and Wolfmother's Woman.

SNK is bringing its 3D fighting game, Samurai Shodown: Edge of Destiny, based on the arcade game, to the X360 later this year.

Trine is a fantasy action game where the player can create and use physics-based objects to beat hazardous puzzles and threatening enemies. Set in a world of great castles and strange machinery, three heroes are bound to a mysterious device called the Trine in a quest to save the kingdom from evil. Atlus confirmed to us that they are bringing Trine to XBLA in North America.

Get back to 4 wheels and test your skills with V8 engines for the next racing challenge! Superstars V8 Racing is a car racing game based on the license of the Italian Championship. Powered by some of the most important car manufacturers in the whole world, such as BMW, Audi and Jaguar, and sporting top class production cars it delivers a breathtaking driving experience.

In Overlord II, the new Overlord and a more powerful Minions horde take on the Glorious Empire, an advanced Romanesque nation, in a truly epic yet familiarly warped adventure.

The various Perfect Dark sightings over the past few months have been confirmed as legit according to Major Nelson as he revealed the game will be coming to Xbox Live Arcade this winter, support full 1080p, and an official announcement should be coming tomorrow with a celebratory Perfect Dark Xbox theme coming to XBL.

In SEGA's return to Virtual On, the classic mech arcade fighting game, players will be able to revisit the Virtual On universe with several enhancements which include improved graphics and online multiplayer.

Groove, party or connect with a friend. Xbox Live today announced that Facebook and Last.fm would be tailor-made for your TV, only on Xbox 360. Microsoft also announced Twitter for the X360 and Xbox Live Party for movies, which allows movie experiences to be shared on the couch or across the country over Xbox Live. Future updates will include Games on Demand, unlockable in-game Avatar Awardables, user ratings, and a continuation of XBLA games over the summer.

Set 50 years after the climactic events of the original Red Faction, this third-person, open-world action-shooter will return to Mars and once again redefine the limits of destruction-based gameplay.

Zune HD is the first portable media player with built-in HD Radio receiver, HD video output capabilities, OLED touch screen, Wi-Fi and an internet browser. Zune will be the premium partner in the Xbox Live Video Marketplace, bringing an exciting catalog of TV and films to the platform.

Microsoft announced that sales of Xbox 360 have passed the 30 million mark globally, an increase of 28% over 2008, with its Xbox LIVE community swelling to more than 20 million active members.

Promising to revolutionize the fighting genre, Fight Night Round 4 features an all new physics based gameplay engine that brings the most authentic interpretation of the sweet science to the video game world. The action inside the ring will be faster than ever, delivering a true representation of the sport's incredible speed, accuracy, timing, and power.

UFC 2009 Undisputed features an authentic and comprehensive UFC atmosphere, including an extensive roster of the best mixed martial arts fighters in the world.

Space Invaders Extreme captures all of the action and excitement of the classic and takes it to the next level with new design features maximizing performance and play on XBL. For the first time, experience Space Invaders in fully immersive sound and vivid high-definition, with visuals that will excite your senses!

Tomb Raider: Underworld is an epic adventure game that delivers exploration-based gameplay giving players a new level of challenge and choice as they solve mysteries from exotic locations around the world.