Is Microsoft going to come out with a new gaming console?

I was wondering if Microsoft has proposed for a new gaming console to come out.

Is Microsoft going to come out with a new gaming console?hp

Not for atleast 2-4 years, who knows.Well i don't..

Is Microsoft going to come out with a new gaming console?mcaffee

hey fallen microsoft will be bringing a games console in about 3 years it has 2 be better than the 360 . oh and guess what! 'what'? its going 2 cost even more HOW GREAT!

PS: XBOX720 HAHAHAHAHAHA LOL U BEEN MDE TO LOOK LIKE A FOOL BOY
not for a long time!

The 360 only just came out! Im sure they will eventually release a new console, but notf or at least 5 or 6 years. (and thats a wild guess)
I heard they are currently working on a console called

Xbox720.

But im not sure, that might have just been a lie I heard!

EDIT: To the idiot underneath my question.

Hence how I said it might be a lie I heard; but im not sure.

And you have been made to look a fool by your avatar xD!

So yeah; don't go flaming on people, other people have said it loads aswell, so...

PS: HAHA YOU HAVE MADE TO LOOK LIKE A HUGE FOOL.