RUMOR: Microsoft to Announce Xbox 720 in March

A new rumor has surfaced today that Microsoft may officially announce and unveil the successor to the Xbox 360 around the same time or at this year’s Games Developer Conference (GDC) in late march. The rumor stems from the February issue of Game Informer magazine and suggests that the unveiling will be an ‘Apple-style conference’ and that Sony is also expected to unveil the Playstation 4 at around the same time. is also reporting that both consoles will likely be priced at approximately $399.99 with expected launch of October/November respectively.