The Xbox 360 seems to be running short of exclusives this year, barring Halo Wars and a couple DLC components from its earlier games the machine has very little to look forward to but we found out that there was indeed a lot cooking inside Microsofts stove that they are yet to let out.
A spokesperson from Microsoft that it indeed has atleast two new properties that have been in development for quite sometime, he goes on to say -
Weve always focused our attention in the year of operation concerned, I would safely say that our community will see atleast two new games being announced exclusive to the Xbox 360 console by the end of Q1 2009″
A bit of probing also revealed that one might actually be an online fighter based on a very popular franchise, the other is an action adventure game from one of their internal studios. Well it seems Microsoft is far from giving up this generation without a solid fight.
http://v4vg.com/rumor-microsoft-to-announce-two-new-ip%E2%80%99s-by-q1-2009/
I think we can pretty much guess the former and the latter is as good as anyone's guess. The latter could be Peter Molyneux's new game, but IIRC one of my Game Informers from late last year in the rumors section said it was based around a canoe so not sure, heh.