Lots of grains of salt!
Rumors of the next Microsoft console have been flying around lately, and the latest one is that Rare is working on a mature title for the console. Conker's Worse Fur Day? That's not mature these days. We need some hardcore sh*t, Rare. If this is true, make it raunchy.
More rumors say that other MS-friendly devs are already working on games for this next system. Xbox World magazine says that Lionhead and Turn 10 are also making new things. I won't insult your gaming industry knowledge by listing what I think these next games would be.
We may not have any solid details, but it's almost a given that the next Xbox will come out from behind the curtain barfing forth every franchise sequel you'd expect. It's going to be nasty!
As for the system itself, Eurogamer has heard from multiple industry sources that Microsoft will unveil its next Xbox at E3 2012, with plans for a Christmas 2013 launch.