Even though we've had quite a number of rumors concerning the next generation Xbox (Xbox 720) recently, it looks like the console won't be unveiled anytime soon. According to reports online, Microsoft France has announced that the upcoming console won't be launched in 2012. According to Cedrick Delmas, marketing director of Microsoft France, “We're in an industry that talks a lot, that likes telling stories. I am not convinced that things will happen this year. The Xbox 360′s cycle is not over at all.
Ubergizmo, No new Xbox this year says Microsoft France