At Microsoft's E3 press conference they announced a redesigned Xbox 360 to look more like the Xbox One design. I thought it was a very strange move but some of the guys here thought it was a cost savings thing for Microsoft. It turns out it wasn't "we redesigned Xbox 360 to give it a fresh new design and a similar look and feel to Xbox One. Although we're very excited about Xbox One, we remain dedicated to Xbox 360 now and for years to come."
It's really disappointing to hear that instead of transitioning to the new Xbox One, Microsoft wants to keep the Xbox 360 around for the long haul and as a fallback for those who have shoddy internet connection like our military. Related to this, a lot of people expected to see the Xbox 360 get a significant price drop, that won't be happening for a long time it looks like.
This leaked PR document talks answers tons of questions about the Xbox One as well if you want to take a look. I've placed the text relevant to the Xbox 360 Stingray below.
Q: What is the new Xbox 360 you unveiled at E3 (Stingray)?
A: Today, we unveiled the redesigned Xbox 360. It offers an amazing new design and form factor that brings Xbox 360 in line with the look and feel of the Xbox One family. We see this as another indication in our investment and long-term vision for Xbox 360 and its millions of owners worldwide.
Q: When will the redesigned Xbox 360 be available in XYZ country?
A: It will ship in the U.S., UK, Ireland, Canada, and Australia starting Tuesday, June 11. It will launch in other regions this fall, with exact dates to be confirmed later.
Q: Was this a cost saving move for Microsoft?
A: No, we redesigned Xbox 360 to give it a fresh new design and a similar look and feel to Xbox One. Although we're very excited about Xbox One, we remain dedicated to Xbox 360 now and for years to come.
Q: What is the price of the redesigned Xbox 360? Are you dropping the price of Xbox 360?
A: The redesigned Xbox 360 will be available for the same great price and available in the same value-packed editions: 4GB, 250GB and 4GB Kinect bundle.
Q: Why have you not/do you not plan to drop prices on Xbox 360?
A: Xbox 360 continues to be a great value with a full gaming and entertainment experience starting at $199 (MSRP), which includes access to the largest portfolio of games available and an amazing array of entertainment services.