As everyone knows Microsoft announced its brand-spanking new console, the Xbox One, which caused a lot of confusion and hoopla, resulting in many questions flooding the twittersphere and blogs. Will I have to pay an extra fee to play used game? How much will it cost? Does it even play games? Will the Kinect turn into a transformer and raid my house?

While a lot of questions are racing through your mind here is one question we here at DualShockers can put to rest: Is Microsoft making games for the Xbox 360? That answer will be a stern yes…at least for five more years.

I know you’re rejoicing, I hear your cheers and as a proud Xbox owner, I too rejoiced.

Senior Vice President, Yusuf Medhdi wants to assure us all, Microsoft is expecting another 25 million 360 consoles to be sold over the next five years.

That’s something we’re shooting for, it’s not a financial plan as such, it’s just rough numbers if you will. To sell another 25 million, half of those will probably come from replacements, but half will come from new buyers. And the way we'll break into those segments is by hitting new price points, getting new classes of entertainment to come with the Xbox, and breaking into new customer segments. So you'll see the Xbox 360 continue to exist, even as we launch the next generation Xbox One.

Loyal 360 fans have something to look forward to in the coming months. Microsoft is making a massive Xbox 360 announcement at E3. So it’s safe to say, we too will be getting that adorable dog from Call of Duty Ghost and many more games and features that will keep our eyes happily glued to our console for years to come.