It's not so bad. . .
let's take a look at my wish list (that I probably won't be able to afford). . .
September: Okami (PS2), Valkyrie Profile 2 (PS2), Loco Roco (PSP)
October: Splinter Cell (X360), Children of Mana (DS)
November: Metroid Prime 3 (Wii), Zelda Twilight Princess (Wii), Forza Motorsport 2 (X360), FEAR (X360)
December: Metal Gear Solid Portable Ops (PSP), Super Paper Mario (GCN), Castlevania SotN (XBLA)
And of course God of War 2 (PS2), Bioshock (X360), Mass Effect (X360), Assassin's Creed (X360 or PS3), and Metal Gear Solid 4 (PS3) next year. . .
There is a good amount of stuff due for the 360 this year. The first year is always slow for a new console. It was the same (worse, even) for the Xbox, GCN, and PS2. So far the 360 has had a pretty strong lineup.