It has just been confirmed through the official Xbox facebook page that the next-generation Xbox console will be revealed on May 21st at 10AM PDT. The event can be watched live on Xbox.com, Xbox Live and Spike TV. Read on for more information on the reveal as it comes in…

The official Xbox Facebook page has been updated to reveal that the next generation of Xbox will be revealed on May 21st at 10AM PDT. Not much else is known about the reveal at the present moment, however, more information is sure to follow soon. Stick with us for more on the ‘Xbox 720′ (suspected name) as it rolls in.

On a side note, Sony could be poised to spoil the event by running a second PS4 event, during which they are expected to show off the console and lock down some more information on the console, including a possible release estimate and even an estimated price point. Stick with us for more news!