Xbox 720 Will Be More Than Twice as Good

Ready for that new gaming system?  Well, Microsoft’s (NASDAQ:MSFT) new Xbox 720 is set to roll out in the October-November time frame. Santa, better get ready: a lot of gamers are going to want that new system. Moreover, Sony (NYSE:SNE) better have the new Playstation.

Project sources say the new system will have six times the processing power of the Xbox 360, and 20 percent better performance than the Wii U, Nintendo’s upcoming console.

There were rumors that the system would be using Advanced Micro Devices’ (NYSE:AMD) 7000 series chip, but now the talk is that the processor will be similar to the Radeon HD 6670.  The chip will support 3D, multi-display, and 1080p HD output and supports DirectX 11.  Developer kits should be released in August.