With the Wii U set to launch in 2012 and new announcements expected from Microsoft and Sony in the near future, you may think this is a bad time to buy a home entertainment console. Think again. These consoles may be long in the tooth, but they’ve expanded their capabilities over the years via online updates and offer robust game libraries filled with must-play titles. The Xbox 360 and PlayStation 3 are so versatile that they could be the hub of your home entertainment system. So what are you waiting for?
Though it’s the oldest of the consoles, the Xbox 360 keeps getting better thanks to its platform updates and the introduction of the hands-free Kinect peripheral last year. This special holiday bundle offers the total Xbox 360 package—two full titles (Alan Wake and Motorsport Forza 3), a wireless controller, a headset for chatting with friends online, a 250GB hard drive for storing your media, and robust parental controls. With impressive first-party titles such as Gears of War 3 and Halo: Reach available, you won’t be lacking for exclusive games, and the Xbox Live Arcade hub features new downloadable titles every week. Netflix and Hulu Plus subscribers can use the console to stream high-definition content right to the TV. After three months, the Xbox Live service costs $60 per year, which includes all the streaming, media downloads, and online multiplayer action.