Late this week, sources told Bloomberg that Microsoft would release a new Xbox toward the end of 2013. Microsoft's Xbox 360 debuted in 2005, and the hardware is getting a bit long in the tooth after over 7 years.
"People familiar with the company's plans," told Bloomberg that Microsoft "hasn’t decided whether to unveil the new Xbox at an industry event such as the E3 show in June, or a separate event devoted solely to the machine."
This new information gives an extra measure of credibility to what was merely a rumor last June, when a 56 page document that appeared to come from internal Microsoft slides leaked on to Scribd, revealing a road map for the new Xbox (referred to as the Xbox 720). The described console included “an improved Kinect, a head-mounted 'glasses' display, and a major investment in cloud gaming,” Ars wrote in June. Of course, Bloomberg's recent story only divulged when Microsoft is planning to release the new Xbox, but the sources didn't give any details on what it would be called or what features it would include.