Microsoft is rumored to announce its next-generation Xbox console at a press conference on May 21st, according to blogger Paul Thurrott. The date was corroborated by The Verge just moments later. The Xbox 720 was originally slated for unveiling in April, but the special event will now fall just a few weeks prior to the E3 gaming conference in June, where full details surrounding the console are expected to be announced.
The release date of the Xbox 720 is expected to occur later this year, prior to the holiday shopping season. A refresh to the Xbox console has been long-anticipated b gamers, but the Xbox 360 remaining the top-selling console for several months in succession has put little pressure on Microsoft to follow through with the next-generation system.