I've said it before, but I think most of these rumors aren't about a gaming console, but rather an Xbox-branded set-top box for Video-on-demand, comparable to the Roku XS. Yeah, the thing may be able to play a few basic games, but with the rumor about the loop having an ARM-based processor, I don't see it being a power-based gaming machine. I think rumors are being crossed, and the loop, or whatever the machine with a "Zune-like interface" is going to be called isn't going to be a 360 successor, but rather an expansion of the Xbox brand, plain and simple.