Microsoft’s next-gen Xbox event set for the 21st of May

Larry “Major Nelson” Hyrb sends word that Microsoft will hold the next-gen Xbox press event on May 21st at 10 AM PST on the Redmond campus. The event will be livestreamed on Xbox.com, through your Xbox 360 console, and Spike TV.

On that day, we’ll share our vision for Xbox, and give you a real taste of the future. Then, 19-days later at the Electronic Entertainment Expo (E3) in Los Angeles, we’ll continue the conversation and showcase our full lineup of blockbuster games.

This is it folks! Will the rumors be true? Is the future of Xbox gaming an always-online required, no used games, TV streaming, mandatory Kinect hellscape? Will the console still require a Gold subscription to get anything done? Time to find out if I’m going to become a PS4 owner for the next-gen.