Microsoft’s Peter Moore talks to Business Week about Xbox 360, Xbox Live!, E3, and the competiton in the next-gen console wars. From the Article:

Blu-ray? "You can over burden the features [of a console] and therefore offer features that the consumer is not particularly interested in. Case in point, look at the PSX in Japan that Sony launched — with PVR plus PS2 for $700 — it disappeared because the pricepoint did not deliver. It’s a very delicate balance between features and price and the difference between good enough and great.

"People talk about PlayStation 2 and the DVD drive but it’s not the same at all. DVD had been around for a few years when PS2 arrived, and the drives were not so expensive. It was also a solid change from video tape to disks, which is not the case now."

When asked whether we’ll be seeing anything of Halo 3 next week he wouldn’t say.