The new device might require an always-on Internet connection

Apr 15, 2013 11:21 GMT  ·  By

Yet another source says that the Xbox 720, a next-generation device from Microsoft, is set to be revealed on May 21 during a special event.

CVG says that it has confirmation of the date and that two new games for the new device are also officially in development, although the company cannot offer any information on them at the moment.

Microsoft has not confirmed that it is working on the Xbox 720, but many sources inside the company now say that May 21 is the official reveal date, with actual launch set to take place at some point during the fall.

The PlayStation 4 from Sony was first shown in late February and it still lacks an official design and a price point, information that could be offered during E3 2013.