We've been hearing a lot of chatter about the next Xbox as of late, specifically surrounding when Microsoft will reveal the console to the public for the first time. Windows expert Paul Thurrott revealed a few weeks ago that the launch event was postponed by a month, from around April 26th to May, before sharing more recently that the new expected date is May 21st, while also speculating the console could cost as much as $500 at launch.
Now The Verge has come out to provide more information about the launch, naturally from unnamed sources. First of all they have heard, separate from Paul Thurrott, that the tentative reveal date of May 21st is accurate; also, the event will apparently be held at a "small venue" and will focus on the very first details of the next-generation console, as well as the plans for Xbox in 2013.
The small event will be a precursor to a full reveal at E3 in early June, which will hopefully bring the wraps fully off the heavily rumored console, including what launch titles we'll be expecting. The Verge also reports that Microsoft has reminded employees to keep all next Xbox discussion confidential, following comments made by Microsoft Studios creative director Adam Orth that forced Microsoft to issue an apology.
Microsoft has also been the center of a storm relating to rumors of the next Xbox requiring an always-online internet connection while playing games. The company has, understandably, not commented properly on whether the next Xbox will require a persistent internet connection, however we expect these details will be revealed at the aforementioned May event.
Source: The Verge