Earlier this week in a report posted by IGN.com, sources close to Microsoft's next generation console development indicated the processing power of the new Xbox will be six times that of the current Xbox 360. According to IGN, mass production of the system's GPU is set to begin by the end of 2012 and will be similar to the Radeon HD 6670, which offers support for DirectX11, 3D and 1080p HD capability. The Radeon HD 6670 currently retails for a minimum of $79.99. The next generation Xbox (currently referred to by fans as the "Xbox 720") is further rumored to launch in October or November 2013, meaning the possibility of a next-gen version of Rocksteady's rumored "Teenage Mutant Ninja Turtles" game or open-world "Spider-Man" game could be less than two years away.
Microsoft has offered no official comment or announcement on any aspect of a next-generation console, but rumor has it the company is expected to make an announcement at this year's Electronic Entertainment Expo in June. If Microsoft makes their announcement at E3, it seems likely Sony would follow suit with the announcement of a PlayStation 4, effectively launching the next-generation console wars this summer. Nintendo has already begun demoing its upcoming Wii U console, with no launch date yet announced.
Microsoft launched a redesigned Xbox 360 in 2010 and claimed in 2009 the console's life cycle would extend through 2015, ten years after the initial launch of the 360.
Stay tuned to CBR for more information on the next-gen Xbox as it develops.