
All signs up until now have said the system won't be. Now one MS rep says backwards compatibility hasn't yet been completely ruled out.

Square Enix launches Final Fantasy X 25th anniversary site, revealing new Nomura art, books, music releases, and merchandise.
Look I know VIII has its issues and all that but how on earth can the do big anniversary events with new artwork and merchandise for VII, IX and X yet VIII got sweet f*** all.
They could have given it something during its 25th anniversary yet all it got was a single Happy Anniversary post on their social media.

LucasArts gave Jango Fett his own game in 2002, and it pulled Star Wars into a much dirtier, rougher, and more interesting corner of the galaxy.

Dear team,
Xbox has always been different.
We started with a simple idea. Games should bring people together through shared experiences. That led to the first Xbox in 2001, Xbox Live in 2002, and new ways to connect, from friends lists and achievements to parties and play across devices. Today, Xbox reaches over 500 million players around the world, with some of the most important franchises in entertainment.
If they go back to exclusive games it at least shows that they are finally getting it. They would be turning down immediate money for something that will potentially workout in the long term.
Only issue is they've already opened Pandora's box. A lot of their base has moved to PC or jumped to PS. So will be a long road to get back on track.
We have been saying this from day one exclusives are a must if you are going to be selling hardware look at Nintendo and Sony before Jim Ryan. That's the proven formula. You had some that were deluded and blinded by loyalty accepting that multiplat was the future and that MS was merely getting ahead of where the industry was headed, but at least they can finally see the light and agree with what everyone has been saying for a decade+
Despite all of that, it's clear that Microsoft's Xbox division is broken beyond repair.
OK so you need both consoles to be on...
*facepalm*
It really is backwards.
Guessing if it happens it'll be how Sony's planning to do it, through streaming, and if MS announces it much of the media will treat it as if it was never mentioned before.
Don't know if a sales rep is a reliable source...
Backwards Compatibility is always the best feature in upcoming Gens.
A lot of my friends ran out and bought their PS3s when they found out they were removing it, They all prefer their 360s and I could see them all switching from PS4 pre-orders to XB1 pre-orders if Backwards Compatibility was offered.
I'm ok with the idea of plugging my cable box into my Xbox for TV, but I think it's because of repressed nightmares that I feel uncomfortable about playing another gaming device... into my gaming device :(