"Xbox"

According to an eight-page feature article, the next Xbox will use Blu-ray discs, introduce a second-generation Kinect, directional audio, an "innovative controller" and TV inputs as well as outputs. They also speculate the next Xbox will just be called "Xbox".

The report also details the hardware of the next Xbox development kits, which apparently come with a four-core chipset (with 16 logical cores) and a large 8 GB of RAM. Editor-in-chief Dan Dawkins expects that "unless something really dramatic changes, everything we reveal in our penultimate issue will be revealed long before E3 in June."

Central Processing Unit:

x64 Architecture
Eight CPU cores running at 1.6GHz
Each CPU thread has its own 32 KB L1 instruction cache and 32 KB L1 data cache
Each module of four CPU cores has a 2 MB L2 cache resulting in a total of 4 MB of L2 cache
each core has one fully independent hardware thread with no shared execution resources
each hardware thread can issue two instructions per clock

Graphics Core:

custom D3D11.1 class 800-MHz graphics processor
12 shader cores providing a total of 768 threads
Each thread can perform one scalar multiplication and addition operation (MADD) per clock cycle
At peak performance, the GPU can effectively issue 1.2 trillion floating-point operations per second
High-fidelity Natural User Interface (NUI) sensor is always present

Storage and Memory:

8GB of DDR3 RAM (68GB/s bandwidth)
32MB of fast embedded SRAM (ESRAM) (102GB/s)
From the GPU's perspective the bandwidths of system memory and ESRAM are parallel providing combined peak bandwidth of 170GB/sec.
Hard drive is always present
50GB 6x Blu-ray drive

Networking:

Gigabit Ethernet
WiFi and WiFi Direct

Hardware Accelerators:

Move engines
Image, video, and audio codecs
Kinect multichannel echo cancellation (MEC) hardware
Cryptography engines for encryption and decryption, and hashing