Microsoft has planned to release the Xbox 720 at Xmas, 2012, according to VG247.
The new console will feature a Blu-ray drive and 2GPU’s according to the online site.
Codenamed ‘Durango’, the new xbox will also require an always-on internet connection in an attempt to stop anti-piracy.
The source also quote that the specifications will include quad or sixx core processors and that the graphics cards featured in the new Xbox will be equivalent to AMD’s 700 series GPU’s but not ‘Crossfire’ or ‘SLI’.
The rumors follows last week’s report that Sony‘s PlayStation 4, codenamed Orbis, will also be powered by AMD hardware.