The Newest Rumour for the Xbox 720 will reportedly be unveiled at an event in May. The Xbox 720 unveiling, which was previously rumoured for 26th April, will now take place on 21st May, according to US blogger Paul Thurrott.
Codenamed Durango, the machine will reportedly retail for $500 (£325), or $300 (£195) with a subscription, and will in fact require an always-on internet connection.
“Going back and looking at some of the stuff I got a long time ago, it actually says ‘must be internet connected to use’ – that’s in the notes. That’s all I have, but it does say that,” Thurrott explained on What the Tech (got to 54.43 mark on the video).
Paul Thurrott also claimed that Microsoft is planning to release a budget Xbox 360 later this year, codenamed ‘Stingray’.