Thurrott, who has proven track record of leaking major Microsoft updates, mentioned that Microsoft officials briefed him on the secretive project during a What The Tech Podcast this past Friday. What exactly is Stingray? Hopkins says that it’s a low-cost box that will deliver the secondary services currently available through Xbox 360.  According to Thurrott’s sources, the product will be priced to compete with set-top boxes such as Ruko.

of course he didnt miss it 
what TS meant was Microsoft is still planning to sell loads of XBOX 360 even after XBOX ONE is launched,
yup for sure there will be a slimmer version    just like PS3, i just hope they wont use that sliding disc cover thingy