Depends on which 7000 series. The 1 GB HD7570 can be found for less than 100 € / a bit more than $ 100 today, in Xmas 2013 they will be well under 40 €/$.

OT: The two GPUs bit of the rumor intrigues me. "Xbox 720′s graphics units will be able to work independently, drawing separate items simultaneously". Do they mean that one will draw the scenario while the other draws the characters? Or 1 GPU used for the main character and the map and the other one for the many enemies that will fight us in the plethora of FPS' that will come? 

And even though each one will have its own memory, they will need to acces the system RAM for things like larger textures. How will the system be able to manage that without "collapsing"?

Interesting rumors. 

I doubt it'll require a constant connection, that would be foolish.

Not sure about the dual 7K series AMD Gpus, but this is not to say that the design would incorporate twin discrete Gpus or even twin Gpus since the report stated they don't run in the equivalent of Xfire configuration.

If true, I figure one will operate like an integrated Gpu for OS, background, and Kinect functions while the discrete Gpu will have all resources dedicated toward rendering in-game graphics.

Incorporating Kinect 2.0 into the platform seems like a no brainer, given the success of Kinect. It should be one of the major features that distinguishes the new Xbox from other platforms.

Mixed feelings about the "always on" requirement though. Granted, mine are always connected, but an offline mode like Steam's would not only be preferred, but probably be a better decision, even if games must be registered to individual XBL accounts.

Cost-wise, I have a hard time seeing MS charge over $400 for the whole package, even if they once again choose to hobble their new platform by making HDD optional. I suppose if their bean counters can find a way to source NAND chips cheaply enough to include 8-16GB of flash memory on every unit, it would allow for at least one or two games to be cached or installed at any given time without a bulk storage HDD.

Lot of speculation at this point, but I am liking the Kinect 2.0 integration and the new rumored GPU set up is a lot more comforting than the previous HD6670 reports.

I know you're mentioning me since you have this obsession with me.(Which is kinda weird for a 29 year old male)
Anyway this rumor is obviously false. 2 GPUs that work indepently? And it even mentions that Kinect will be bundled in..so unless the console is going to cost $500-$600, I call bull.

I don't care whether 720 is more powerful than PS4 or the other way around. I just want next-gen consoles to be exponentially more powerful than current-gen.

Nope. They copied Sony. 
That's IF this rumor is true though. Which I don't think it is.

Its biggest problem was the limited data transfer of USB 2.0. The resolution has been reduced, because USB 2.0 couldn't handle the true resolution in combination with the amount of data coming from the two remaining USB ports (in case they were in use).

Always on internet? No thanks. If this is the case, I'll only be getting Wii U and PS4 next gen. My broadband caps at 100 gigs a month, and until I get something better, always on internet or complete digital distribution isn't in the cards for me.

having to be always connected to the internet is a bad idea, I have poor student friends that are flatting and can't afford the internet but have an xbox so for ppl like them they will never consider buying it.

[off topic]
seriously? i know you drive in the wrong side of the road and don't like the french, but disliking so strongly being a part of Europe is news to me!

Most people I know would consider it an insult to be called "European"