Bill Gates had a 1 hour interview with Conan in which he showed off some of Microsofts plans for 2005. It was really boring exept for when they got the xbox equivilent of a blue screen of death while testing a yet to be released Xbox game also one of the presenters showing off some features of media centre couldn't get it working.
Some news was also supposadly shed of the Next Xbox but nothing really suprising, I think it's probobly fake though as other reports differ in some places and these are backed up by Microsofts intergration and Media Centre stratagies. The Xbox next will be powerful, all test versions use G5 processors. It could be comming out in 3 versions, 1 standard, one with a hard drive and one that also acts to some degree as a normal Windows PC. The hard drive with probobly be solid state based on contracts and statements by Microsoft into related fields. DVD playback will be intergrated with the possability of recording directly onto the hard drive and one of its launch titles will be Halo 2.5 (hopefully with a better name by the time of release).