http://news.cnet.com/8301-10805_3-5...y-announce-next-generation-of-xbox-on-may-21/
EDIT: Changed "may" to "will"
Thurrott added even more to mull over. He said "Durango" is likely to be expensive -- $500 for the regular console itself and $300 for a subscription-based model.
Thurrott also chimed in on the controversy over rumors that the next Xbox would require an always-on Internet connection. A creative director with Microsoft Studio got himself into hot water last week when he told people upset over such a requirement to just "deal with it."
EDIT: Changed "may" to "will"
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