I believe that Peter Moore was asked about the next Xbox before he left Microsoft.
He stated that the engineers are currently specing the system out for a 2011 or 2012 release..
IMO, they are probably going to spec it out for a late 2011 release, and see where Nintendo and Sony stand at that time. I doubt Sony will cut the PS3's throat (and lack of profitability until later in its life) that early. Nintendo is a mystery, but I don't think that if the Wii2 launched near the nextbox, that it'd stymie X720 sales.
Back from the dead, I'm afraid.







