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Xbox Live director of programming Larry Hryb, AKA "Major Nelson," addressed the Reddit community last week at E3 to say that while Microsoft's Xbox One console won't be backwards compatible with Xbox 360 games, it will be compatible with the Xbox 360 console.
YouTube
Video games

Xbox 360 owners will be able to plug current-gen console into the Xbox One

Diablo III console version
Blizzard
diablo-3

'Diablo 3' coming to Xbox 360 and PlayStation 3 in September

Xbox One Design
Microsoft
Video games

Microsoft defends Xbox One's maligned design

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Xbox Windows 8
Xbox / Microsoft
Video games

The new Xbox will be powered by a 'core version' of Windows 8, report says

Next Xbox
Microsoft
xbox

Microsoft to unveil 'new generation' Xbox on May 21

Pizza Hut Xbox app
Pizza Hut
pizza-hut

Gamers can order Pizza Hut straight from the Xbox — with hand gestures!

Microsoft
Microsoft
microsoft-xbox

New Xbox rumors suggest Microsoft console won't be 'always-online'

Xbox 360, PlayStation 3, Wii, Wii U
Sony, Microsoft, Nintendo
Nintendo Wii U

Wii U, Xbox 360, PlayStation 3: Which game machine should you give?

XBW mockup
Xbox World
xbox-360

Latest Xbox speculation confirms, expands earlier rumors

Kinect@home
Kinect@Home / Alper Aydemir
kinect

Help teach robots to see - with your Kinect

Kinect
Microsoft
kinect

Microsoft slashes price of Kinect by $40

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Steampunk Xbox 360 controller
eBay/troxin_kustoms
xbox-360

How much would you pay for a steampunk Xbox 360 controller?

Xbox Live on iPad
Devin Coldewey / NBC News
xbox

Xbox Live app lets iPad control your console

leaked document
unknown
microsoft

Xbox leak reveals Kinect 2, augmented reality glasses 

Xbox Live app
Microsoft
xbox-360

Xbox iPhone app gets remote control update

Smart Glass
Microsoft
e3 2012

Microsoft reveals Xbox SmartGlass

Xbox media briefing, E3 2012
Devin Coldewey / msnbc.com
e3 2012

Live from the Xbox 360 media briefing at E3 2012

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Amazon Instant Video on Xbox 360
Amazon
microsoft

Amazon video app finally comes to Microsoft’s Xbox 360

360 and Kinect
Microsoft
xbox-360

Xbox 360 deal: $99 with 2-year Xbox Live Gold contract

Xbox 360 and PS3
Microsft, Sony
games

Game consoles waste over $1B worth of electricity a year: study