The successor to the Xbox 360 may be further along than most people were anticipating as Microsoft are prepping an announcement sometime within the next year, potentially at E3 2012, at least according to a report from VideoGamer.com. Developer Crytek will be spearheading next-generation development with the new TimeSplitters game.
The system's hardware specifications have yet to be finalized, but a "high-ranking" source from Crytek notes that they'll be using Microsoft's DirectX 11 as a foundation for development. The studio also believes Microsoft will make the announcement before Sony talks about PS4. However, both Crytek and Microsoft declined to comment on the matter.
According to the source, TimeSplitters 4, which is being developed for the new system, looks noticeably better than current generation titles, with DX11's tessellation effects having a huge impact on graphics.
Talking about new systems, Crytek have confirmed that they CryEngine 3 will support the Nintendo Wii U: "Crytek's support for Wii U is definitely going to happen," said CEO Cevat Yerli.