Yeah...last year. With a very mature 360 and most of their losses from development and advertising written off in previous years. Looking at the entire history of the XBox brand I'm pretty sure they are still in the hole. They spent over $2B in advertising alone on the original Xbox in the first year.
And they will of course lose billions on the next machine, which is a month or so away, thus restarting the whole clusterf*ck again.
I read a thing recently about how MS spent, I'm not shitting you, $150 MILLION dollars developing the XBone pad. You know, the pad that is %99 identical to the 360 pad they already had. $150,000,000 f*cking dollars. Just a pad. Not a WiiU tablet or anything, the same basic thing they did last time. What the hell? I think that's probably more than Sega spent designing every console they ever released combined.