What will happen to the Xbox 360 once Xbox one has been released?

What will happen to Xbox live on the 360? How long will it continue once the Xbox one is released? Also how long will they continue to make 360 games.
Answer:

Xbox 360 will be around at least a few more years..they just updated the look and they wouldnt give the 360 an updated look if they were gonna end it soon

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Other answers

They are going to stop XBOX 360 game production almost immediately. However it will be supported for another 4-5 years on the Xbox Live Network.

Shivinate

Microsoft will support Xbox 360 until 2017

Rabbit

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