Microsoft say no new Xbox this year
Microsoft have announced that they will not be releasing a new Xbox this year.
This dampens all the theory and speculation that Microsoft would be announcing the Xbox 720 (or something similar) this year at E3. They released the statement, "For us, 2012 is all about Xbox 360."
However, this may mean that Microsoft are just pushing back production of the new console so they can get at least another year out of the Xbox 360, which has become one of the biggest selling consoles of all time.
Looks like we'll all just have to wait a bit longer for a new console, until then we can look forward to the future of the Xbox 360.