Rumors are abounding at the moment that the next PlayStation and Xbox will launch in late 2013. Despite that, Microsoft Studios head Phil Spencer sees plenty of life left in the Xbox 360.

“Right now the Xbox 360 is really healthy and it’s doing incredibly well,” said Spencer. “I think the 360 has a lot more than two years [left]. It has legs for a long time. The nice thing about the Xbox 360 right now is – if you look – we’re the number one console globally. We’re able to bring in new content and still support the best of the core games.”

“It’s a platform that has really reached scale; this is the time when you really see the great content showing up,” Spencer added. “The future in a lot of ways is always tomorrow: [things like] the SmartGlass technology and Windows 8 [show that] things are going to constantly evolve.“

Source: GameSpot {link no longer active}