Recently, some rumors have swirled about what the Next Xbox will be like, and even when we can get our hands on it. Microsoft's French marketing manager clarified one point of the rumors, and that is there will be no new Xbox in 2012. With Nintendo launching the Wii U this holiday season, many wondered if Microsoft would do the same in order to compete. The French official shot down those rumors, and said that Nintendo advances at its own pace to show off the new innovations, first with the Wii and soon with the Wii U. Microsoft does not think the Xbox 360's development cycle has fully run its course, and Cedrick Delmas, the French official, points to the lack of a price cut for the 360 as a way to show no new console is on the horizon. This does not rule out the possibility of a new console at least being announced at E3 this year, but Microsoft has no plans to release one near the end of the year.