Rumor: Xbox ‘Durango’ specs leaked with built-in Kinect functionality?

At this point, most of us are willing to put our money on Microsoft and Sony announcing their upcoming consoles at this year's Electronic Entertainment Expo (E3), an annual game industry trade show held in Los Angeles.

Electronic Arts commits $80 million to next-gen console development

In a call with investment analysts today, Electronic Arts chief executive John Riccitiello reported that his company is investing $80 million in what he called “fourth-gen” console development.

He also expressed a strong opinion that console gaming would continue to …