A few months? I'm pretty sure the xbox will take a bit longer than that. There's not even an accurate release date, most are expecting at the least an announcement about it, but not an actual Xbox 720. Although It is very possible it could be released in November.
Lol it most likely is. For those who forgot, it will reset ALL V1 gamertags, including the shitty ones. Now, if xbox is making a new console, it will need more openings for gamertags. I would say it's almost impossible for them not to, they most likely will release a lot of V1s if not all.