Today at Microsoft's press conference it was announced that Square Enix would be working with Microsoft to produce Xbox 360 content. The first Xbox 360 title is the MMORPG Final Fantasy XI, which has already seen release on the PlayStation 2 and PC. This title will sport high definition graphics and Xbox Live features on the 360.

Microsoft also announced that the Xbox 360 would indeed be backward compatible with original Xbox games.

• GameSpot