Heh, you almost got it =)
The HD elimenation is pretty much to stop all the hacking and piracy that's rampant with the X-Box now.
The lack of backwards compatiblity is due to the CISC-based Pentium being replaced by a RISC-based PPC.
As for Halo 3, it's a pity greatness is being rushed like that. I just hope Nintendo take their time with Zelda. Which I have no doubt they will.
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"'There's a tendency among the press to attribute the creation of a game to a single person,' says Warren Spector, creator of Thief and Deus Ex."
-- From an IGN game review.
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