Come December the 2nd and the Xbox 360 will be able to do what both the Wii and PS3 have been able to do for months. The 360 will get a dashboard update that will allow it to download and play Xbox 1 games. The games currently announced are Fable, Indigo Prophecy, Crimson Skies: High Road To Revenge, Crash Bandicoot: The Wrath Of Cortex, Burnout 3, and Halo: Combat Evolved.
The advantage that Microsoft has is that the Xbox 1 is a lot newer console when compared to the PS1 games you can get for the PS3 and the N64 and older you can get for the Wii. That also touches another problem though. The Xbox 1 had a DVD drive, so games were relatively large compared to the older generation consoles. This means you been have very fast internet and the Elite model (for the 120GB storage) or you may be up the creek. I guess in the end the deal breaker will be the price it costs to to buy the games.

For more info, click over to the Joystiq Blog.