Rumour Mill: Xbox 360 successor to be revealed at E3 2012?

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Microsoft could release information of a new next-generation Xbox console at next year’s E3 show, with one game developer – Crytek – is already developing a new game for the successor to the Xbox 360, according to reports.

According to VideoGamer.com, the next generation console could be based on DirectX 11 as Crytek is using it as a basis for developing a new version of TimeSplitters – which has been in “development hell” since 2009.

According to a high-ranking industry official at Crytek, a version of TimeSplitters 4 is being demoed internally in the company.

Also, there has been rumours that an Electronic Arts studio has gotten a unit of a new Xbox console, and was sent and stored inside a PC shell in order to create some new games for a supposed new console. While EA denies the story, Microsoft has not comment on it.

Job postings also have revealed that Microsoft is looking for people to build its next-generation team. However, it can be assumed that the console is in very early development – but still in development nevertheless.

So what can we expect in the new console? What do you want in a new console? Comment below.