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No, it was only said that some support will be discontinued. That means no more console production, new game releases, etc. As for servers, those will remain functional and viable much longer, especially considering Microsoft shut down the original Xbox live servers in 2010 - 5 years after the release of the 360. The 360 is much more common than the Xbox ever was, not to mention Xbox LIVE over the 360 and One is the same network, vs. the original LIVE which was independent from the 360's version.

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Q: Are the Xbox 360 servers going down permanently in 2016?
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