Here's something from the rumour mill.

Xbox 2 release around "late October and early November"

Source : Evil Avatar

Here's some interesting details on some problems with the Cell of the PS3 regarding power as well as some insider info on the Xbox 360

More dirt on the next gens...

A leaked photo of the Revolution and a possible removable hard-drive for the Xbox 2

Nintendo Revolution may alienate 3rd party developers

Not surprising really...

Xbox Next info on Gamespy and the Physics Processing Unit are here for your pleasure today...

I know the PPU isn't exactly for Next-gen, but hey, it might...

A peak at the next Xbox's launcher

Just to add, the Phantom will only be available in the US first and likely will never hit the Asian market. Anyway, I still think this is a piece of vaporware and doesn't deserve any attention.

But, I do like its keyboard/mouse combo...

I know you can, but the thing is, they made their keyboard and mouse combo in a way that you can use it on a couch (or at least free from the restraints of using a table)

Kinda hard to explain but it was shown at the last E3 and it does seem pretty interesting.

The Xbox 360 is rumoured to come in 2 versions... One with a hard drive and another without...

Well, to put all doubts to rest, Nintendo is coming to E3... What? Did you really think they were that stupid (and arrogant)?

^saw that pic earlier... Can't make out much from it aside from the fact that it is chrome.

Anyway, dunno whether this has been posted, but here's some first pictures of the Xenon Development kit for the Xbox 360. Its a Mac G5 in case you're wondering.

Here's an interesting bit... A small link to a teaser for the XBox 360 unveiling on MTV... Doesn't show much really, but hey... it does drop some hints.

Here's some more Xbox 360 pics... One here and another here.

Some speculation about the Revolution... Courtesy of IGN

Its gonna feature some form of real-time 3D projection (Like a hologram) and their controller is gonna utilize a touchscreen or gyroscope thingamajig.

Ah, based on some discussion over at Evil Avatar, its probably not gonna be a hologram, but more like a projection with realistic depth...

Remember those special 3D glasses that you could buy and hook up to your Geforce cards in the PC? It works the same way except that you don't need the glasses. It sort of makes images "pop out" so you can define depth of field.

Well, the 3D glasses use a similar system albeit with a different technique. Instead of the monitor projecting separate hues of colour and the glasses having different polaroid lenses, the GeForce glasses used different shutter speeds for each lense, so it framerate on each lense is different (Or is slightly of sync) to give you a change in depth.
Though it doesn't mess with the colour definition of your eyes, it does cause headaches if you play for long...

Which in hindsight would be a stupid move for Nintendo as you're asking ppl to play LESS.

Apparently its PC only according to this...

Here's some leaked info on the Revolution... Its gonna have a pressure sensitive "gamepad" and also FREE online gamplay.

Behold... The specs for the 360 have been leaked

Here they are:
First, the Live system:
Xbox Live, 2 types:

Xbox Live Silver (no subscription required)
Xbox Live Gold (subscription benefits)

Features for Gold service
* Also for Silver
# Also for Offline

- Seamless transition to Xbox Live account from Xbox to Xbox 360
- Access to MMOs (additional fees may apply) *
- Free Xbox Live weekends *
- Multiplayer online gameplay
- Avatar for gamer profile * #
- Motto for gamer profile * #
- Personalized look for Xbox System Guide * #
- Offline achievments * #
- Online achievements *
- Access to other players' Gamer cards via Live *
- Cumulative gamer score * #
- Location/language profile * #
- Reputation *
- Enahnced matchmaking using above
- Skill level matchmaking
- Gameplay style profile (casual, competitive, etc.)
- Recent players list *
- Free and premium download game content *
- Free and premium downloadable movies, music, tv *
- Downloadable demos/trailers *
- Microtransactions *
- Custom playlist in every game * #
- Play music from portable devices * #
- View images from digital camera * #
- Strem media from Windows XP * #
- Interactive screen savers * #
- Track info for CDs * #
- Communication with voice, video or text *

Second, the specs of the hardware:
1. Support for DVD-video, DVD-Rom, DVD-R/RW, CD-DA, CD-Rom, CD-R, CD-RW, WMA CD, MP3 cd, JPEG photo CD
2. All games supported at 16:9, 720p and 1080i, anti-aliasing
3. Customizable face plates to change appearance
4. 3 USB 2.0 ports
5. Support for 4 wireless controllers
6. Detachable 20GB drive
7. Wi-Fi ready

Custom IBM PowerPC-based CPU
- 3 symmetrical cores at 3.2 GHz each
- 2 hardware threads per core
- 1 VMX-128 vector unit per core
- 1 MB L2 cache

Custom ATI Graphics Processor
- 500 MNz
- 10 MB embedded DRAM
- 48-way parallel floating-point shader pipelines
- unified shader architecture

Memory
-512 MB GDDR3 RAM
- 700 MNz DDR

Memory Bandwidth
- 22.4 GB/s memory interface bus bandwidth
- 256 GB/s memory bandwidth to EDRAM
- 21.6 GB/s frontside bus

Audio
- Mulitchannel surround sond output
- Supports 48khz 16-bit audio
- 320 independent decompression channels
- 32 bit processing
- 256+ audio channels

I think he meant that it just looked larger than the 360... and thus equated that it has to be heavier as well.

And yes, the "Boomepad" (or Controllerang... both are bad puns) looks like it might actually fly back to you when you try to get rid of it... Ingenius dual "use" by Sony?