Yahoo is reporting that Microsoft has stated at its Tokyo, Japan Xbox Summit today that the Xbox 360 will launch in the US, Europe and Japan in time for the 2005 holiday season. The Reuters report says that previously a six week delay was expected for those territories, and other news outlets, including SPOnG, are still saying this delay will occur.

Meanwhile, SPOnG also says that Microsoft has confirmed that every Xbox, in every territory, will come bundled with a 20Gb hard drive.

The Xbox Summit event has allowed Microsoft to show off the support they have from Japanese developers. In addition to getting a port of Square Enix's Final Fantasy for the new Xbox, games from Namco, Taito and Konami are being announced as well.