Microsoft: No next-gen Xbox in 2012

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Those anticipating an Xbox '720' reveal at games industry shindig E3 2012 will be disappointed. Microsoft has insisted it will not discuss next-gen consoles at all this year.

Company spokesman David Dennis quashed widespread speculation that the world was preparing for a major console unveiling this summer.

“There will be no talk of new Xbox hardware at E3 or anytime soon,” said Dennis before insisting: “For us, 2012 is all about Xbox 360.”

Following the announcement, two unnamed moles said Microsoft is set to squeeze out a least one more year of sales from its current-gen console, Bloomberg reports.

Announcing the next model so soon could hamper such sales, and with Xbox 360s still flying off the shelves, there is little incentive to turn to the future just yet.

Still life in the ol' boy yet

Earlier this year, Microsoft's Cedrick Delmas hinted the console may not make it to E3. World+Dog refused to believe.

Now that his claim has been officially verified, speculation can continue on the mooted 2013 or 2014 release dates, much of which will depend on competitive pressure and sales throughout the coming year.

It seems increasingly likely that for those who still want a next-gen console in 2012, theNintendo Wii U will be the only option.