Xbox 720 reveal at E3 2012, claims another report

Here we go again. Another report today has claimed that Microsoft plans to reveal its next Xbox at E3 2012.

BGR reports that 'a source with knowledge of Microsoft's plans' has "confirmed" the firm's intent to reveal the next-generation console at the Los Angeles event next year.

It says the source is unaware of Microsoft's launch plans for the new machine, which has apparently been in development since 2006, and no further details were divulged.

This backs up the claims of a report earlier this month which also pinned the new Xbox for an E3 2012 reveal, citing an inside source at Crytek, who later dismissed the rumour along with the notion it has development hardware for the new console already.

Microsoft has also recently stated its view that Xbox 360 is only halfway through its lifecycle. But MS isn't the only target of next-gen rumours; a report today has claimed Sony will reveal the PlayStation 4 within 18 months, citing "industry sources at a top developer".

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