Xbox 720 rumors: release date likely on May 21

Credit: Microsoft

Microsoft has reportedly formalized the announcement of the new Xbox for Tuesday, May 21.

The company also sent out invited to the media to attend the launch event.

The name of the event, “A New Generation Revealed,” doesn’t seem to leave any doubt on the company’s agenda.

“Tune in for the live reveal, May 21 at 10 AM PDT on http://xbox.com, @Xbox Live, and Spike TV. #XboxReveal,” a tweet from the @Xbox account read this afternoon.

The event will be held at the Xbox Campus in Richmond, Washington.