Microsoft working on new Xbox, to dump Xbox 350

Microsoft's leaked "presentation" on Xbox 720 has revealed interesting details about the future gaming console and Microsoft's grand plan for the Living rooms.

The Xbox 720 will have an improved Kinect device that will track four players at once and have better voice recognition, and the console will connect to additional sensors - like glasses for a 3D experience - according to the presentation.

This console will cost $299.

LEAKED: Microsoft's Master Plan To Take Over The Living Room With A New Xbox

By 2015, the Xbox 720 will serve as a hub that will instantly stream any content you want - including the top-level games that normal consoles wouldn't be able to handle - through the Internet.