Microsoft is planning to reveal the details of its new Xbox gaming console during an event on May 21, several weeks before the E3 video game conference. The console, code-named Durango, reportedly features a processor from chipmaker AMD along with new graphics enhancements. As part of its initiative to make the Xbox a hub for all entertainment, the company plans to sell its Mediaroom IPTV business to Ericsson. Continue reading Details for New Xbox to be Revealed at Microsoft Event