Skyrim 360 has nothing to do with the Xbox. It's a 360 degree panoramic time lapse of The Elder Scrolls 5. This video is interactive, letting gamers control the 3D player, simulating an in-game experience. The video is on rails but gamers can control camera angles, giving the illusion you're flying over Skyrim, perhaps on an Eagle of Manwe.
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If you want to take a ride on a Great Eagle over Skyrim, check out Skyrim 360.