Um update? Well to get the current dashboard and stuff you need to have XBOX LIVE and it will update as soon as its available. If you don't have LIVE then it will have the update that was current when you bought it/
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yes
The Xbox 360 can only play certain Xbox titles. A precise list of which Xbox games are compatible with the Xbox 360 is available on the Xbox website.
Microsoft maintains a list of titles that are forward compatible with the Xbox 360. If the title you are trying to play does need an update to play that update will be applied when you first launch the game assuming that your Xbox 360 is connected to the internet.
the end update april 5
my xbox 360 has already bin updated can i make a new profile