The Xbox 360 also needs a HDTV to achieve great graphics. From what I've seen, the difference between a old Xbox and a 360 on a normal TV is very, very small.
And the Revolution...well, I'm getting it. No doubt there. I'm a fanboy after all. But seriously: very innovative controller, backwards compactible, free wifi, downloadable 'old' games (I'm so gonna use this a LOT)...a Revolution indeed.
I also think the new controller will act like the touch screen did for the DS: people who hardly or never play games will end up doing so. Which is good for the entire console market. Go Nintendo :cool: