Dying gaming magazine Xbox World has decided to go out with a bang. They claim to have gotten the inside scoop from developers, delivering us the tastiest rumours yet.

The 720, which will be simply named "Xbox" will pack some fairly impressive hardware for a console.  Blu-ray support, 8gb of RAM, Kinect 2.0, possible augmented reality, and a quad-core CPU capable of running  two threads per core. You can pair this up with the earlier rumour that Microsoft plans to use AMD's Radeon HD 6670 graphics chip.

The magazine also shows a mock up of the console, which looks quite similar to a black Mac Mini, though about twice the size. The case is rumoured to be magnesium alloy, marking the first time we've seen metal used instead of plastic. Making an unfortunate return are proprietary hard drives.

Is this the next Xbox? Image by CVG and Xbox World.

Microsoft has been silent on the next Xbox. Though I think we will see things start to accelerate over the next few months. We may even see a possible prototype at CES in two months time, readying for a possible Holiday 2013 launch. Now that Nintendo is pushed out the first eighth generation console, you can bet Microsoft and Sony will not sit on their laurels for too much longer.

Source: CVG