VIDEO: Xbox head forecasts console future

By Philip Saglimbeni:The current console generation has been the longest in the relatively short history of video games. The most popular console of this generation, Microsoft Corporation's (MSFT) Xbox 360 was first released in late 2005, over seven years ago.

By Asset Investing:On February 20th, Sony (SNE) finally announced the release of its eighth generation gaming console, the Playstation 4. This has been the longest console cycle in the history of home video gaming. The last time new consoles were released was around seven years ago.

It’s a streaming video-palooza.

Microsoft announced Tuesday it has bought VideoSurf, an online video search engine founded by four Israelis and which has received funding from former US vice president Al Gore.Financial terms of the transaction were not disclosed but Silicon Valley technology blog TechCrunch put the purchase price at around $70 million.Microsoft said it will work VideoSurf's technology into its Xbox Live platform, the online environment for its Xbox 360 videogame console.

Video game consoles aren't just for games anymore. 

By Zecco: By Paul Quintaro While Netflix’s (NASDAQ: NFLX) stock has taken a significant beating this year, there has been no shortage of interest in the content streaming space.