This is no mere rumor, confirmed by Major Nelson (Larry Hryb) himself, the next Xbox console will be revealed on Tuesday May 21st.

“We’ll mark the beginning of a new generation of games, TV and entertainment. On that day, we’ll be holding a special press event on the Xbox campus and we invite you to join us via the live global stream that will be available on Xbox.com, Xbox LIVE and broadcast on Spike TV if you are in the US or Canada.”

He added that they are “We are thrilled to pull back the curtain and reveal what we’ve been working on.”

That means that in 26 days, most – if not all – of our questions about backwards compatibility, the next Kinect device, and of course, always on DRM will be answered.

This comes mere days after developers had said that the Xbox 720’s innards were “no big surprised,” indicating that they’re probably near identical to the PS4, with perhaps some technical differences in memory management. It seems likely that since Sony surprised everyone (including developers) by doubling the memory from 4gb to 8gb, Microsoft may do something similar to avoid an obviously exploitable marketing difference between the two systems.

Maybe that’s why it took them so long to announce the reveal? Who knows.