New console rumor smashed.

1up ran a rumor last week about Microsoft launching a new console next year alongside project Natal. Here's Kotaku's summary, and here's how Microsoft responded.

Here is what Team Xbox has to say.

Haha. I love how people rumourmill and get shut down. Then, the rumours get proven true with an "official announcement"

according to an official statement (made by the guy in the article above) we are only half way through the 360s life cycle. but that doesnt mean a new console isnt on the way.