"On that day, We'll share our vision for Xbox, and give you a real taste of the future. Then, 19-days later at Electronic Entertainment Expo (E3) in Los Angeles, we'll continue the conversation and showcase our full lineup of blockbuster games."
So what do we know about the new Xbox? Here are the latest details from Paul Thurrott, tech blogger with Windows IT Pro:
Launch. The next Xbox will launch in early November 2013.
Windows 8 Core. The next Xbox is based on the "Core" (base) version of Windows 8. This suggests a common apps platform or at least one that is similar to that used by Windows 8. It also suggests that Microsoft could open up this platform to enthusiast developers. (That last bit is supposition on my part.)
Price. Microsoft will initially offer two pricing models for the console: a standalone version for $499 and a $299 version that requires a two-year Xbox LIVE Gold commitment at an expected price of $10 per month.
No entertainment box. Microsoft originally planned to offer both a “full” version of the next Xbox (with video game playing capabilities) and a lower-end entertainment-oriented version, code-named “Yuma,” that didn't provide gaming capabilities. But plans for Yuma are on hold, and no pure entertainment version of the next Xbox will appear in 2013 (or possibly ever).
Blu-ray. The next Xbox will include a Blu-ray optical drive.
Internet-connected. The next Xbox must be Internet-connected to use. This is the source of the “always on”/“always online” rumors and isn't as Draconian as many seem to believe.
Another Xbox 360. Microsoft will also deliver a third-generation Xbox 360 console this year that will be significantly less expensive than the current models. The new Xbox 360 is code-named “Stingray,” but it’s not clear whether this device is required because the next Xbox isn't backward-compatible or because Microsoft simply wants a low-cost entertainment box alternative. (A third possibility—and to be clear, these possible reasons are all speculative—is that the Xbox 360 simply has life left in it and with dwindling component prices in the 8 years since the original launch, the firm can still make money selling such a device.)
(Source: Windows IT Pro)

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