News about Xbox 720 and its pending release has been going around in the Internet ever since leaked documents about the Xbox 720 was revealed. The latest prediction about Xbox 720 is that it will go on sale for only US$99 with a monthly TV subscription fee for two years.

This was the prediction disclosed by Michael Pachter from Webbush. Pachter added that new consoles would have to be "multiple purpose devices" in order to keep up with ever-changing trend in technology. Pachter also provided an explanation for this prediction. Here is his explanation:

"You wont need a 'smart TV' when you've got an Xbox 720, it will be your television and your internet. It's going to be open architecture and I think it's real trick will be that one Xbox will be able to display television to as many screens as you have in your possession. The next Xbox will be Windows for sure, and you'll be able to open up multiple TV channels in different windows and you'll use SmartGlass to shoot off different channels to how ever many screens you want. That is happening, that I'm certain of. I'm pretty confident that in the US Microsoft is going to partner with a cable TV provider, so I expect that the console will be priced like a smart phone. I expect you'll be paying $99 for the console with a cable TV subscription."

There were also rumors that Microsoft is planning to rename the Xbox 720 to Xbox 8 due to Microsoft's recent triumph in acquiring a set of host addresses which includes "Xbox8.us and Xbox8.org". Microsoft has been silent regarding the rumors about the Xbox 720 but the company did react regardin the leaked document about Xbox 720 stating that the documents were "true" thus already considering a legal action regarding the matter.
The information provided by the leaked documents were rather interesting and it would mean a new and improved Xbox 720.

Here are some of information that was mentioned in the leaked document:

Processor

The leaked document pointed out that Xbox 720 will have a more powerful processor as compared to Xbox 360. It is said to be at least 4-6 times more powerful than the current processor and there is a possibility that it will be running with a 6-8 core processor in either ARM or X86. The Xbox 720 is also mentioned to have 2Ghz with 64ALU GPU running at 1GHz and 4GB of memory. This improvement in the hardware would enable Xbox 720 to have "true 1080p and full 3D" output as well as flexible resizing and compositing.

Storage

The Xbox 720 would have more storage components such as a Blu-ray disc drive, internal flash storage, and a hard disk drive.

Other Features

Other features that were mentioned in the leaked document includes WiMax and HSDPA (3G) coverage, enhanced accuracy, stereo imaging, improved voice recognition, four-player tracking support and a boosted RGB camera.

Release Date

The release date for Xbox 720 is not specifically mentioned but the target period for its release would be by 2013 with a holiday season launch.