ooba
Nope, Xbox360 games bought in the US will not work on an EU system.
yes it can
Yes.
No. Wiis are locked depending on what region they are bought in. A US-bought Wii (i.e. NTSC) will not play games bought in Europe or Japan. (i.e. PAL) There is no way to get around this legally.
Yes, PSP games are not region locked, though PSP movies are.
Yes
A Xbox360 is a console, the second after the first Xbox. You play Xbox360 games on it and I think you can download or buy a thing so you can play your Xbox games on it to.
yes you can but only if you have a hard drive
no, it is a different format to the European one
When you say software i guess you mean games if you mean games then no if you dont then wait for someone else to answer
HELLLLLLLLLZZZZZZZZZZZZZZZ NO! A PS2 is much cheaper than an Xbox360, but other than that, an Xbox360 is probably better. xbox360 has better games
yes xbox games work on xbox360 if you have the hard drive but some of them dont work.