Xbox 360 Edition

Minecraft Xbox Edition is a version of Minecraft for Xbox 360 consoles, announced at the 2011 E3 conference by Notch and Microsoft. MineCon attendees will have a chance to play the Xbox Edition before it's released.

Objective and Gameplay
The objective is similar to existing PC versions, where the player is allowed to build freely using blocks in a sandbox-like environment. The player will optionally be able to make use of Xbox Kinect functionality to assist in their gameplay.

Development
Notch has confirmed that he will be the game designer on the Xbox Edition, as well as the Pocket Edition, but will not be involved in programming these editions. Notch later announced the team developing the game will be 4J Studios. Daniel Kaplan tweeted about receiving an early copy of Minecraft for Xbox on September 7th, 2011. The Xbox Edition's online play will supposedly be compatible with the PC edition's.

Minecon
The game was showcased as a playable demo at Minecon 2011 deemed a 'work in progress'. 4J studios has confermed that right now it has all the features of the PC minecraft prior to 1.8 but they are working on it. IGN has also done a video from Minecon here

Release
Minecraft Xbox Edition is due for release in spring (autumn for southern hemisphere) of 2012.

Other Consoles
On October 24th Notch announced that Xbox would be the sole console provider of Minecraft.

Trivia
4J Studios, the company responsible for the port to Xbox 360, was also responsible for several other video game ports, namely The Elder Scrolls IV: Oblivion for the PS3.