Epic Games' Cliff Bleszinski feels that creative programmers and developers can still squeeze some potential out of the Xbox 360, and all that is needed is some "code magic," he said to Next-Gen (via Joystiq).
Bleszinski added that the team at Epic used such magic when developing Gears of War 3, adding, "We're now at the point where it's not learning how to use the hardware, it's learning to trick the hardware into doing what you want it to do."
The current state of this console generation is comparable to the late years of the Super Nintendo in Bleszinski's eyes, when "programmers starting using Mode 7 in ways you never expected."