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It all depends on how important it is for you to have the latest and greatest thing.
Right now, you can get some killer Xbox and PS2 titles for $20 new.. and they're still making games for it. Even if you do wait until November, the prices are going to be very high, and it's doubtful there's going to be a killer launch title.
Also remember, that the Xbox is said NOT to be backwards compatible.. so Halo might not even work with it.
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