Don't expect a Xbox update this year

As reported in Engadget, Microsoft is not releasing a new console at E3 this year.

This comes at the back of the success that Microsoft had with Kinect and are trying to squeeze one more year of sales from the current Xbox 360 model.

Microsoft maybe seen to be boosting it's software aspect of the Xbox by increasing the entertainment options that comes along with the device to fight the current battle with mobile gaming on Tablets and smartphones.