Speaking to GameSpot at CES, general manager of Microsoft’s game developer group Chris Satchell spoke about the rumored ‘361, Zephyer’.
“We’re always working on prototypes and new technologies and just playing with stuff in Redmond to see what’s interesting,” explained Satchell. “If you want to get great HD, I think we’ve got a good solution for that. At the moment, everything you might have seen is just looking at our experimentation back in Redmond, not really a product that we’re thinking about announcing.”
So there you go. Take your 360 off eBay, and keep playing. Will the ‘Zephyer’ ever happen? Maybe. Will it be soon? No.