Microsoft is definitely going to release the successor to Xbox 360 next year, according to an anonymous Bloomberg source, but won't necessarily reveal the machine at E3 2013. Instead, the manufacturer may host a separate PR extravaganza for its next generation console.
As the article in question puts it: "The new device is planned for Thanksgiving and Christmas sales, said the [source], who declined to be identified because the product road map is confidential.
"The software maker hasn't decided whether to unveil the new Xbox at an industry event such as the E3 show in June, or a separate event devoted solely to the machine, one of the people said."
Here's the usual sprinkling of next gen rumours, for context. Microsoft is rumoured to be considering a subscription-based revenue model for Xbox 720, or whatever the hell they end up calling it, and is allegedly working on a complimentary Xbox Surface tablet, for release earlier next year.
It's possible we'll see two models of Xbox 720 - a core machine with all the trappings, and a stripped-back, casual-friendly device that's built into a TV.
Interesting times, as ever.