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Microsoft has said that it will be hosting an event on May, 21 to announce the future of its company and to introduce upcoming products. You can find out specifics of this event at TechRadar.
This event will be interesting because Microsoft will most likely shed some light on its upcoming console. This move was expected, due to Sony's recent event that confirmed the PS4 and showed off many of its new features and games.
Many interesting questions are still unanswered regarding the next generation consoles. Like what graphics capabilites will they have and what kind of backwards compatibility they will have with older games.
The problem still remains whether used games should be banned or whether the next generation consoles should require an online connection to use and whether games should only be available through download.
Nevertheless, we will get some answers May 21.