According to a few sources claiming to be close to Microsoft’s next console the project has been codenamed Durango. Kotaku says it ‘fits’ the naming convention at Microsoft.
They argue that the corporate giant favours places of a warm climate like Kinect was once Project Natal, which is a Brazilian city. ‘Durango’ is a Mexican state name.
Of course we could care less what codename it’s got - what are the specs of the Durango beast? Hopefully we won’t have to wait too long before Microsoft pull back the sheet to the public.