There is no denying the popularity of Microsoft's Xbox 360 and just how many people have embraced it. Yes, it has its share of hardware failures but people keep coming back to it. However, the 360 is getting up there in age and people have long speculated on the eventual replacement, an Xbox 720. Well, today Microsoft is taking the lid off of things and no, it won't be called an Xbox 720 but rather the Xbox 1080. Why 1080 you ask? Well, that is because every single game coming out for the system will be displayed in 1080p. Microsoft is making the move to streamline things and by calling the system the Xbox 1080, you know what you are going to be getting. The console will also support some manner of liquid cooling, possibly a self-contained unit, to ensure that temperature and fan noise are not as distracting as the current Xbox. There is an HDMI 1.4 port so it seems 3D support is being included, plus 802.11b/g/n WiFi is built in so there should be no issues getting the console connected wirelessly.
Aside from that, not much else is known about the Xbox 1080 but I am sure more will be revealed once E3 rolls around this summer.