Multiple gaming sites are reporting that the next Xbox will release late 2013. If this rumor is to be true, then we can expect some sort of reveal at this years E3 conference.

Other details that have been swirling around the Internet are that the new Xbox will have six time the processing power than the Xbox 360, will support DirectX11, will run off the Radeon HD 6670 for the systems GPU and will have an on-board Blu-Ray player.

Another interesting rumor is that it will also ship with the next iteration of the Kinect, which will be able to read lips.

What do you guys think of the new Xbox? Will it really release in 2013? Let us know in he comments!