Microsoft will reveal next Xbox on May 21st

Newsbrief: Microsoft will be unveiling the successor to its Xbox 360 console at a special press event on May 21st. The unveiling --which comes with its own official hashtag, #XboxReveal-- will be held at Microsoft's Xbox Campus in Redmond, Washington, as well as simultaneously streamed over Xbox Live and broadcast on Spike TV, starting at 10:00 am Pacific. The event is set just a couple weeks before E3, where Microsoft says it will "continue the conversation" in rolling out its showcase for the new system. Expect more to come. Via Major Nelson.