Microsoft has announced that it will reveal the next Xbox on May 21st at an event to take place at the Xbox campus in Redmond. Gamers have been patiently waiting for an announcement from Microsoft on the next Xbox (codenamed Durango,) especially after Sony announced the Playstation 4 at an event in February. The company says that the event will "mark the beginning of a new generation of games, TV, and entertainment." Aside from inviting select press to be on hand, the event will also be broadcast as it happens on Xbox LIVE for all to see. It'll also be broadcast on SPike TV for those who are in the US or Canada.

Don't expect all the info on the next Xbox to be revealed on the 21st, though. Microsoft says that they'll wait about three weeks before announcing the full line-up of games, which it'll do at E3. There's a lot riding on the next Xbox, which follows up the current generations most successful console, the Xbox 360.