From EGMs Q Man...
Current talk yours truly has heard puts the debut of Microsoft's Xbox 2 hardeare at the annual Game Developer's Confrence in the spring, with more details to surface at May's Electronic Entertainment Expo---especially if Sony and Nintendo are talking about their next machines. The Q has also picked up word on his sensors that for a need space/cost savings, this time it will not include a hard drive.
Sounds like Microsoft is a little sick of losing 2 billion dollars on the XBox.
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