Out Of The XBox

theodp writes 'Bill G.'s snagged the cover of this week's Time, which asks the question: Is Microsoft about to do in the living room with the Xbox 360 what it did in the office with Windows? Turn to page 13 in your Book of Xenon, please: 'As the world's software leader, Microsoft is among the best suited to enable and capitalize this transformation. This is our opportunity to lose.' If PlayStation 3 folks are scared, they're not showing it. 'We look at delivering a quantum leap in technology, not just Xbox version 1.5,' quips a Sony spokeswoman.' The story also reveals that the previously discussed rumor about Halo 3 parrying the PS3 launch is accurate.