Xbox 360 has "more than two years" left, says Phil Spencer

Microsoft Studios boss Phil Spencer has told Gamespot the firm is committed to Xbox 360 "for the long-term," as the console is "really healthy," and has "a lot more than two years [left]," he told Gamespot .

"The nice thing about the Xbox 360 right now is--if you look--we're the number one console globally," said Spencer. "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. The world where everything gets centered around one console and when that comes out--we kind of have to evolve away from just thinking about that, [especially] with the service-based nature of games today.

"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."

It’s widely expected that Microsoft, and Sony, will announce their next generation consoles at E3 next year.