Microsoft’s hugely anticipated next-generation console apparently has a name and it isn’t the Xbox 720. Unnamed sources have told the International Business Times that the new Xbox will be called the Xbox Infinity and that development kits for the new console “are already in the hands of studios.” Microsoft will formally unveil its new Xbox on May 21st and earlier reports have indicated that it will run on the “core” version of Windows 8 and will feature an 8-core 1.6GHz processor, 8GB of RAM, an 800MHz graphics processor, a 50GB 6x Blu-ray Disc drive and Gigabit Ethernet connectivity.

Prior to joining BGR as News Editor, Brad Reed spent five years covering the wireless industry for Network World. His first smartphone was a BlackBerry but he has since become a loyal Android user.