That is a question that has been on gamers’ minds for some time now. The Xbox 360 was announced in November of 2005 and was released in November of 2006. It has been reported that the Xbox 360 will last for around 5-7 years, but this is still unknown. Some people believe that the Xbox 360 may not even be able to hold up to the same level of use as the PlayStation 3, which was announced in February of 2007.