We haven’t heard much about Microsoft’s next generation Xbox, which has been rumored in the past to be called the Xbox 720, now it would appear that Microsoft’s new Xbox console may be called the Xbox Next.

According to a recent report, the Xbox Next is scheduled to launch in 2013, and may possibly be unveiled at E3 2013, the news comes from the guys over at Develop, who have apparently obtained the information from multiple sources.

According to Develop, the Xbox Next is expected to land in stores before the holiday shopping season of 2013, they have also said that Lionhead is working on a project for the Xbox Next which is called ‘Fable Next’ internally.

It will be interesting to see what the Xbox Next is like, Microsoft has had massive success with the Xbox 360 console, and with the release of the Xbox Kinect, the company was able to make the Xbox 360 even more popular.