According to Kotaku, we now have a code-name to attach to all the outlandish rumors about Microsoft’s next home console. Multiple sources have told the site that Microsoft is internally calling the system Durango. That won’t be the system’s final name, much like Microsoft’s Kinect was originally called Project Natal.
Microsoft has already confirmed that the next-gen system will be a no show for E3 2012. You'll have to wait a bit longer for the reportedly cloud-based, tablet-sporting, used-game-locking wonder console to materialize before your hungry eyes.

