With the Xbox 360 still fighting the soon-to-be-launched PlayStation 3 for supremacy in the consoles market, Microsoft seems to be already working on the next version of their gaming device. The company's Chris Lewis main argument for such a move was a simple "we have to". According to Eurogamer, preliminary work on the Xbox 3 was already under way: "You can't sit back on your laurels in this business - the consumer won't let you, the developers certainly won't let us. So that's happening right now." Lewis is right, no doubts about it, but the statement does not come at the right time. The competition in the consoles market is going to get tougher very soon (with the release of both PlayStation 3 and Nintendo Wii). The Xbox 360 is already regarded as “last year's news” and speaking about its successor is certainly not going to help its cause. from - http://news.portalit.net/fullnews_Xbox-3,-Already-In-Microsofts-Plans_2111.html Do you guys think this is true or just a rumor??