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Big Xbox 2 announcement in September?

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Now that Sony's confirming that they'll show off the PlayStation 3 at next year's E3 there's some speculation that Microsoft will try to take things up a notch even earlier than expected and officially unveil the Xbox 2 (or Xbox Next or Xbox Xenon or whatever they end up calling it) at the X04 trade show this September, with the first hands-on demos at E3 the following May and a scheduled US launch in October 2005.