Roughly a year ago, Xbox president Sarah Bond suggested that Microsoft was building an all-powerful next-gen console, and it's now reported that the project has been fully greenlit and approved by the company in recent times.
That's coming from Windows Central reporter Jez Corden, who dropped the little nugget of information in a recent article on the future of Xbox first-party releases. Corden mentions that Xbox's next console hardware "has now moved past its early pitch stages" and has been "fully approved and costed" by Microsoft.
"I've recently been told that Xbox's next-gen console hardware has now moved past its early pitch stages and has been fully approved and costed all the way up the chain."
Corden goes on to say that he doubts Xbox will reveal its hardware strategy "any time soon", which perhaps answers our recent talking point question about exactly when Microsoft will reveal the next-gen Xbox. The majority of PX users said 2026 in the associated poll, so maybe next year is the one for properly talking about Xbox's next-gen console.
In terms of what we do know about the system at this stage, well, we've thrown all of that into a big Pure Xbox guide that we'll continue to update as Microsoft reveals more information about its successor to the Xbox Series X. Oh, and there's a handheld device in the works too - more on that down below as well!