It totally makes sense. I think that next year will be a great year for video games. The excitement that has been lost in the last 2-3 years is about to get renewed. Launching a new system in the fall around holiday season makes total sense. If it doesn't happen, I would be shocked.
http://www.gamespot.com/news/new-version-of-xbox-due-in-next-18-months-6391015
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