Watch Microsoft's Xbox E3 presentation.
Call of Duty: Black Ops
Kinect (releases Nov 4.), including a Dance Game, Racing Game, and Star Wars game (super excited about that)
New Xbox 360, smaller, sleeker, wifi enbabled (802.11n), 250GB HDD, whisper quiet. (ships to retailers today) and only $299, which is the current price.
Very good showing for xbox.
video starts at about 00:30:30 and runs 2:00:00