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Xbox 360 is the most likely name, according to most industry sources, for Microsoft's as-of-yet unnamed successor to their Xbox video game console. Other potential names included NeXtBox and Xbox Next, and Xenon (the system's code name during its development). Significantly, the Intel processor of the Xbox has been replaced by the IBM PowerPC architecture as the basis for the platform, due to its reduced heat output, improved performance and reduced latency.
The console is expected to be released in late 2005 in the U.S., and the launch in Europe is expected only a few weeks later. In March 2004, Microsoft announced a new game development software strategy dubbed "XNA", believed to be for the Xbox 360.
The Xbox 360 will compete for marketshare against the PlayStation 3 and Nintendo's Project Revolution. The Xbox 360 will be officially unveiled on MTV on May 12, 2005, a week before E³.
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