Rumor: EA Has Received Development Tools for Next Xbox 360

Well, word on the street today is that corporate gaming giant Electronic Arts have received the development tools for the next Microsoft gaming console hardware. The buzz was that the new hardware could be showcased at E3 but, a source states that Microsoft doesn't intend on dropping its next console until 2013. That doesn't mean it can't show up at E3 as Microsoft attempts to steal the show this year. That puts both Nintendo and Microsoft up top while Sony apparently is waiting patiently in the shadows with no word continuing the 10 year life-cycle. We'll see what happens.