No you didn't read the title wrong. According to an article up on GameInformer.com (HERE), Microsoft maybe set to reveal the next Xbox on May 21st in Redmond, Washington at 10 AM PDT/1 PM EST.
Mark the day on your calenders and be ready. I can honestly say that I haven't the slightest idea what Microsoft is planning for their next Xbox. There have been speculations and rumors floating about, especially that the console will require a constant internet connection that has been rubbing everyone the wrong way, however I'd like to wait for confirmation before weighing in. I'm expecting Microsoft to impress. Sony did a great job with their reveal of the PS4 (granted there wasn't an actual PS4 there) and anything less from Microsoft will utterly disappoint.
We've all been waiting for it and in under a month we'll be able to quell our curiosity.
Courtesy of Games News Network