I hope so! I just bought one yesterday and some games to go with it:
I just got an Xbox 360, so I just bought a library to add to the games I've been buying to play at my friend's house on his system...now I can play on mine
Lego Indiana Jones the Original Adventures
Ninja Gaiden II
Brutal Legend
Marvel VS. Capcom 3: Fate of Two Worlds
Soul Calibur V
Lego Batman, The Video Game