According to a report in Xbox World magazine, the next Xbox will have a touchscreen built into the controller, not unlike the Wii U. The shape of the controller is said to be more akin to the PS Vita rather than the Wii U's tablet controller.
According to the sources, the next Xbox "will be a matte-black media hub with a mission to bring games to life in your living room with augmented reality, directional sound, and a four-player, finger-tracking Kinect."
As for the touchscreen itself, is is described as "an HD screen surrounded by the traditional 360 buttons and sticks. That touchscreen will be second only to Kinect in how you operate your console. It could be a remote control when you're watching TV, a browser when you're on the internet, extra buttons and information when you're playing a game or a portable display when you want to take your game with you."
The report further states that Microsoft is “playing it safe” when it comes to the CPU and GPU, but other functions will change how you play. The price tag is also expected to be quite high, maybe even north of $600.

