Microsoft will announce their next Xbox console tomorrow and Shacknews will have live updates. All day today, we'll take a look back at the Xbox 360 and discuss what the future holds.

Like any console on the verge of announcement, the Next Xbox has been rife with rumors for months. Some are more persistent than others, but as time has passed without official word from Microsoft, the console has gained a very distinct image in the collective minds of the Internet. This isn't necessarily what the console will be, but it's what the Internet thinks it will be. Starting tomorrow, we get to discover just how close the rumors were to the reality.

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Microsoft will announce their next Xbox console tomorrow and Shacknews will have live updates. All day today, we'll take a look back at the Xbox 360 and discuss what the future holds.

With Xbox 360 now over seven years old, gamers that have subscribed to Live Gold have spent over $400 to access the service. Tomorrow, Microsoft will announce their next-gen console--but will they announce a next-gen Live service to go along with the new hardware? If so, what does Microsoft have to do in order to keep people paying year after year?

Many gamers are quite content with paying for Gold, if only because the service offers more than the competition. Fans like @rezonolicious think the fee is worth it for the "superior online" offered by Live. @passthemstickss points out that Live has private and party chats, and the addition of new media partners on Live allows him to "use it as a cable box," helping him save $15 every month.

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