While Microsoft has already said that Xbox 720 would not be hitting markets this year, the speculations about the new generation 
gaming console refuse to die. According to Xbox World Magazine, Xbox 720 is likely to come with touch screen. The magazine claimed that the console will "use controllers that have "an HD screen surrounded by the traditional 360 buttons and sticks." The console would also be more like an integrated entertainment hub than a gaming console.
The magazine also said that the new console "will be a matte-black media hub with a mission to bring games to life in your living room with augmented reality, directional sound, and a four-player, finger-tracking Kinect." In a bid to make Xbox more than just a game console, Microsoft is likely to double it up as a remote control which may be used for watching TV or for browsing internet.
Rumors are also abound that Xbox 720 would be six times as powerful as the current version. However, it is also expected to have equally outrageous price tag. XWM states, "Microsoft are playing it safe with the CPU and GPU but running wild with the functions that will change how you play, but it won't be cheap." It claims that the console may be priced upward of $600.