According to Microsoft Studios corporate vice president Phil Spencer, the Xbox 360 still has “more than two years” left in it, despite a possible next generation Xbox coming soon.

"Microsoft entered this space with the original Xbox 11 years ago, and we're committed for the long-term," Spencer told GameSpot during an interview at E3. "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. 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. Right now the Xbox 360 is really healthy and it's doing incredibly well. I think the 360 has a lot more than two years [left]. It has legs for a long time."

While some expected a reveal of Microsoft’s next home console this year, the company brought a renewed multimedia focus, Halo 4, and SmartGlass to the E3 event.