With a new version of the Xbox, code-named Durango, in development, it was only a matter of time before Microsoft went public with the news and expected specs for its offering for the next generation of video games.  PlayStation 4 has been announced, and Nintendo’s WiiU is already on the market, so MS couldn’t afford to live off of XBox Live fees alone.  Microsoft will be announcing its next iteration of Xbox on May 21.  The announcement was received by video game website Polygon.

Well, what do we know about the next video game console from Microsoft?  Well, Xbox honcho Major Nelson has described it as “the beginning of a new generation of games, TV and entertainment,” so take that for what it’s worth.  Other than that, we’ve got basically nothing.  Will it be backwards-compatible?  Will it play used games?  Will it require an always-on Internet connection?  Will it play Blu-rays?  Will it support streaming games?

Right now all we have are speculations and confusion, but hopefully by the time May 21 rolls around, we’ll get some answers and they won’t reflect the industry’s desire to force online connectivity and crushed the used video game market.

Tags: xbox, xbox 720, next generation of xbox, xbox announcement may 21, new xbox announcement may 21, polygon, microsoft, microsoft xbox, microsoft durango, durango, next-generation xbox, new xbox announcement, may 21, video game systems, video games, major nelson

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