Microsoft has been claiming that the company won't be unveiling the successor to the Xbox 360 for a couple of years, but word from prominent developer Crytek, which most recently put out Crysis 2, has it that it could be unveiled as soon as next summer.
Apparently, Crytek is working on TimeSplitters 4 for the next-gen console, using new hardware supplied by Microsoft. The timeline Crytek lays out has Microsoft possibly unveiling the new hardware at E3 next June. Of course, that doesn't mean it'd be up for sale that soon; Nintendo unveiled the Wii U at E3 last week but won't be releasing it for another year at least.
In any case, what to expect from the new console?
The company didn't know the exact hardware specifications, which were still in flux, but was using DirectX 11-level graphics as a baseline. That meant support for very parallel, threaded rendering, using the graphics core for general purpose computing, and hardware geometry tessellation, which dynamically reduces the detail of 3D objects at a distance to increase the overall detail in a scene.OK, sold! I'm in! Even if it's two years out, I'm already excited.