get a gamecube for the kids and an xbox for the adults. they're both cheap now and good YET the games can be pretty pricey unless you buy the platinum hits.
the games to get for xbox i recommend are halo2 (due in nov 9) for the man of the house unless your wife likes heavy combat action too. for the wife (or the family), try Dance Dance Revolution. seems the ladies like this alot from what i've heard and seen.
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Namaste
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