It seems that the latest Xbox 360 firmware update isn't compatible with all versions of the console, as a small number of users reportedly cannot play games on their systems after updating. To make up for this, Microsoft has confirmed that it will be replacing consoles for those affected.
...

Amidst increasing speculation that the three-week PSN outage has been the driving force behind a recent, mild wave of PS3 returns here and abroad, Sony CEO Howard Stringer and executive deputy president and the man himself, Kaz Hirai, have spoken on that point and a few others to the Wall Street Journal. Whilst Hirai ascertained that only a “very small percentage” of (presumably former) PS3 owners decided to cancel their PSN accounts, Sony remains future-cautious.
...

Sony has outlined details of the ‘Welcome Back’ pack offered to PlayStation Network (PSN) customers affected by the massive security breach which occurred last month. Customers get to pick two old games from a list of five, while hackers get your details.
...

...

Call of Duty: Modern Warfare 3 is coming Nov. 8, 2011, Kotaku has learned, delivering with it mammoth battles that engulf a dozen cities around the world including New York, Paris and London.
...

"We won't officially be at E3 this year.” That’s legendary Halo developer Bungie on their plans – or rather, their no-plans – for the universe's biggest gaming expo. In a statement posted to the studio’s most recent Bungie Weekly Update, expectations for an E3 unveiling of their debut project for new masters Activision were scuppered – and for good reason, really: "We wanted to make sure you didn't get whipped into a rumor-fueled frenzy only to have your expectations unceremoniously dashed during expo week."
...