PP Mguire
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Actually there are some rumors (of course) that it will have backwards compatibility, but not right out of the box. The talk is that they will make some peripheral device that connects to the new Xbox that will allow you to play 360 games.
Buy a device to play games from a device you already own on the new device you just bought. Unless it's free, it's rather pointless IMO. If they do this it'll pretty much just be like that HD-DVD thing they had for a short period of time. I think the way they should do it, is have the game as a free compatible download in Live if it detects your disc in the drive, or be able to pay for the game if you don't already own it. As we all know, BD drives can read DVDs and DL-DVDs.