Leaked documents from Microsoft, dating back to mid-2010, reveal that the company is working on the next-generation gaming console, Xbox 720, which will come with major hardware and software upgrades.
Since, Microsoft has vehemently denied all reports of unveiling a new XBOX until 2012, the console might be released ahead of the 2013 holiday season.
"The 56-page document titled 'XBox 720-9-24 Checkpoint Draft 1' reveals a host of details about the technology being rolled out with the next-gen Xbox and
Microsoft's thinking about the competition in not just the rarified console market but also from Apple and Google," reports PC Magazine.
According to the document, XBOX 720 is designed to overcome problems faced by XBOX 360 and might be priced at $299. It will also include Xbox SmartGlass, 3D glasses, Blu-ray support cloud-based gaming and an improved Kinect system and
While there's no confirmation from Microsoft, the leaked documents might hold some truth in them.