We have already started to hear rumors that the next Xbox game console is in the works. Some Microsoft employees hinted they were on the project not long ago. I think no one is surprised that the next Xbox is under development. I bet Microsoft started the development of the next console not long after the current one was launched.
The Xbox is getting long in the tooth and with the next Wii already unveiled; the next Xbox will be coming soon. According to a new rumor, the next Xbox will be unveiled at the E3 gaming show in 2013. That gives us more than a year to wait for the next Xbox to bow in. That said, the tip that the next Xbox will land then is hardly confirmed.
The rumor comes from chipmakers and software middleware firms that are part of the project. I wonder if the console will be called the Xbox 720 as earlier rumors had suggested. I wonder when the rumors and hints about the next PlayStation will start, you know Sony has to be working on that as well.