Codenamed "Durango" and nicknamed the "Nextbox", the highly-anticipated console will be revealed at the company's Redmond headquarters and will be streamed on Xbox.com, Xbox Live, and Spike TV. Games will be revealed 19 days later at E3.
The news broke via the blog of Major Nelson, AKA Larry Hryb, who is a member of the Xbox team.
Finally, we'll get answers to the many questions that have surrounded the console during this period of uncertainty, and we'll see if always-online requirements are something that the industry is willing to bank on.
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