According to a segment of a question and answer section on IGN, Microsoft will be launching the successor to the Xbox, currently bedraped with the moniker Xenon, in 2005.
“Microsoft will release the successor to Xbox in 2005,” writes the site. “And by the way, if there is still any doubt about this happening, now's the time to put it to rest. I've seen some holiday 2005 plans from publishers and several of them have major Xbox 2 titles scheduled for next November. I could name specific franchises and brand new IPs. It's really happening. And from the looks of it, there are going to be some pretty impressive launch titles.”
Not really much to add to this really. If the report, which as you just read is highly assertive, is to be believed, it does make good on Microsoft’s commitment to release into the next generation before its competition.
Microsoft, of course, is refusing to comment on this: with the firm’s “We don’t comment on rumour and/or speculation,” line coming into play once again.