On many levels yes. We got our massive, organized online system. Rare game being Spikout:Battle Street, but we're getting more copies : / A football game built from the ground up for Xbox, NFL 2k5. A 3rd party game built from the ground up and it shows, UC 2 but I'd like to have a dozen. High powered PC games that run well, Doom 3. The action game Ive always wanted Ninja Gaiden. A plethora of online fighting games. A mess of old 2D arcade games (See SNK). And the suprising exclusive sleeper hit that everyone thought would suck, Riddick. So, yes Im rather satisfied.
However, its lacking. Not nearly enough custom soundtrack enabled games that clearly separate Xbox from PS2. No life consuming MMORPG, PSO doesnt count. No traditional turnbased RPG, Sudeki doenst count but that doesnt need mentioning. The epic moment in a game or entire game that would epitomize gaming in every aspect where sound, visuals, story and play that would all mix in for the unforgetable moment in a game that I will remember for decades, Advent Rising is the current hopeful, Orson Scott Card has talent.
Has Xbox turned out to be the console you wanted it to?