Yes, it is true as you can see by the picture they are truly Xbox sneakers. And NO, they are not endorsed by Nike. Its by some guy in California who is a personal artist and does stuff to sneakers. The price tag is a little hefty though clocking in at 2,500 bucks. The crazy thing is the guy who designed the shoes says that's not even his priciest sneakers. He claims to have made shoes with 22k gold and diamonds on them. WOW!! The Xbox sign actually lights up too. Its pretty cool I guess. Well if your actually thinking of buying them here is the link for eBay auction. I WANT TO BUY IT
The full article link is right here also: FULL ARTICLE
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