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I would wait for Xbox 360. However, if you really want to get an Xbox now, pick these up:

1. Halo 2 ($29)
2. Forza Motorsport ($49)
3. Dead or Alive Xtreme Beach Volleyball :p ($29)
4. Tom Clancy's Ghost Recon 2 ($49)
5. Xbox Live 3-Month w/ Communicator ($29)
6. Fable ($29)
7. Ninja Gaiden ($29)
8. Rallisport Challenge 2 ($19)

See you on Live