Source: Tech blog BGR.
What we heard: Not a week after the 2011 Electronic Entertainment Expo concluded, the rumor mill began to churn on next year's show. Namely, VideoGamer.com reported that it had heard from a senior Crytek development source that the German studio would unveil a new installment in the Timesplitters franchise alongside Microsoft's next Xbox at E3 2012.
Crytek has since distanced itself from those rumors, but a new report indicates that Microsoft does indeed plan to debut the Xbox 360's successor next June. BGR reports today that it has received word from a source with knowledge of Microsoft's Entertainment and Devices Division that the company will unveil the next Xbox at E3 2012.
Unfortunately, BGR's source had no other information on Microsoft's plans, including when the device will launch. However, the individual did tell the tech site that Microsoft has been working on the device since 2006. Microsoft launched the Xbox 360 in November 2005, and it has gone on to sell nearly 55 million units worldwide.
While Microsoft has been tight lipped on the next Xbox through official channels, it has at least indicated through other means that a new device is in the works. Earlier this year, the publisher posted a spate of job listings to fill out a team "responsible for defining and delivering next generation console architectures from conception through implementation."
The official story: Microsoft had not responded to a request for comment as of press time.
Bogus or not bogus: Microsoft isn't likely to offer any word on its next Xbox until it is good and ready. However, given the growing body of rumors, an E3 2012 reveal is looking increasingly likely.