All the buzz around next gen. XBOX codenamed Durango may cool down for a little bit after Microsoft has announced the date for the launch of the new XBOX. Initially there were rumors of XBOX getting launch somewhere around April due to the PlayStation early launch . But that rumor was happened to be false after the Microsoft announced the date of revealing XBOX.
The new XBOX , also called as XBOX 720 is going to be revealed at an event to be held in XBOX campus which will be live streamed on XBOX and Spike TV. The Microsoft has also confirmed that it will be displaying the new games and will also showcase XBOX 720 aka Durango in the E3 expo in Los Angeles.
Source Major Nelson