Microsoft (MSFT) reportedly has plans to unveil its next-generation Xbox video game console during a press conference in May. The new console was previously expected to be revealed during a special event in April but Microsoft watcher Paul Thurrott now reports that the press conference has been pushed back to May 21st. The Verge then claimed to have independently confirmed the date in a follow-up report. Preliminary details are expected at the May 21st event and then a full unveiling will reportedly follow just a few weeks later at the E3 gaming conference in June. Microsoft’s next-generation Xbox is expected to launch ahead of the holidays this year.