While official details surrounding Microsoft's next generation console are non-existent, which many are calling the Xbox 720, we have now received details that insists that the processor chip that will be used in this unit has now finished its development cycle. Through an article delivered by SemiAccurate yesterday, it is rumored that the Xbox 720 chip has now reached its final design and is currently in the process of being set into full production.
In reference to the specific chip that is sourced to be implemented into the Xbox 720, it is currently being referred to as the Oban chip. With this information been provided, it gives us further backing to claims that they the Xbox 720 will be announced by the summer of 2013, with an official release by the end of this year.
As usual, readers should take this information with a grain of salt until it is confirmed by a valid source. Fans may also be interested in the slide-show that is featured above this article, which features a few concept photos of the Xbox 720.