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Shortly after announcing the official release date of the Xbox One as November 22 Microsoft revealed that it would continue to support the Xbox 360 for another three years. Speaking at the Citi Global Technology Conference, as reported by Eurogamer, Xbox Marketing and Strategy Cheif Yusuf Mehdi said the Xbox 360 "is going to go for another three years."

"We're going to continue to invest in the Xbox 360 and the two devices can work in concert," Mehdi said later. "It's not like the day we ship the Xbox One your 360 won't work; we'll continue to support it. In fact, we're going to ship over 100 new games on Xbox 360. So you'll still be able to play your [older] games, just not on the same exact box."

The planned life span on the Xbox 360 when launched was for 2015, if Microsoft follows this three-year plan of support it’ll take the console into 2016 about the same life span as its last-gen rival the PlayStation 3. So hold on to your Xbox 360 for now as lots of new games are yet to be revealed on the system. More importantly, wait for the inevitable new console price drop.

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[Via Eurogamer]