It seems the show will be called a Developer_Direct, and may be part of a new initiative from Microsoft and Xbox to offer information on upcoming games more frequently, outside of the major E3 and Game Awards marketing beats.
From what we understand, the Developer_Direct show is slated for January 25 at 12PM PT on Xbox's official channels on Twitch and YouTube. The show will be hosted by both Xbox and Bethesda, with deep dives into Redfall, Minecraft Legends, Forza Motorsport, and content from ZeniMax Online Studios.
From what we understand, this won't be a full-blown E3-scale kind of show, and will be a more intimate look at some upcoming exclusives. As such, we've heard Starfield may even be skipping this show for a bigger marketing beat later on.
The Developer_Direct showcase will hopefully be the beginning of a more frequent marketing cycle for the company, as many fans have asked Microsoft to look to Nintendo's "Direct" style shows to keep the news cycle going. We expect Microsoft will make the show official as soon as this week, so be sure to keep an eye out.
