Microsoft has just informed the gaming community that an event will be set for Tuesday, May 21st that will reveal the next generation of "games, TV and entertainment." The Xbox Reveal event will likely unveil the next generation Xbox console, with Microsoft saying that their "full lineup of blockbusters" will be revealed at E3.
The event will be held on Microsoft's campus at 1pm EST / 10am PT and will be live steamed online on the Xbox website.
Current rumors peg the next-generation Xbox as being less powerful than the recently revealed PS4 by a clear margin.
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