It would be cool, but remember why they dropped them. They just can't handle some of the content. Look at siege engine, it messes with next gen consoles. It would kill old gen.
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So do add to the current content on the available resources already present, seeing as the system of the old gen is supposedly "out of date" and "obsolete" then it should be no problem to apply my listed fixes. If you read the post you will notice the petition isn't about bringing Rise of Iron to the 360 and PS3, it's just about fixing the game.