Rumor: Microsoft Planning to Unveil Xbox 720 at E3 2012
This year's E3 Expo belonged to Nintendo and it's Wii U unveiling, but according to Videogamer.com, Microsoft will steal the show in 2012 with its Xbox 720 device, or whatever the successor will be called. In fact, Crytek is already developing a new TimeSplitters game for next generation of consoles, Videogamer.com says.
Xbox 720 concept art posted at Xbox-720.com
As the rumor goes, Microsoft is still batting around hardware options, but Crytek is banking on DirectX 11 playing prominently into the 720 and is using the API as the basis for next-generation development.
And that's really all we know at this point, which isn't much, nor has the information been confirmed by Crytek or Microsoft. In other words, keep your fingers crossed and take this with a healthy dose of salt.