Sources at Microsoft are seemingly admitting defeat in their plans to release a new Xbox games console by the end of the year, as they claim they want to keep progressing with the Xbox 360 for as long as possible, and that they are not in a position to launch direct competition with Nintendo’s Wii U, which will be released near the end of the year.
It had been rumoured that Microsoft were planning a release of two separate consoles (the gaming-centric Xbox 720 and home

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