Even though sites are still calling it Xbox 720, there is no indication that is what it will finally be called. I think that this is great, but the fact that they are using a GPU from last year, means that it will be outdated by the time that the system comes out. From a production perspective, this is good because the product is older and will be cheaper by the time production is in full swing. It will be great to hear about the additional hardware updates (storage, game saves, cloud, processors, USB, Blu-ray, etc).
http://www.ign.com/articles/2012/01/24/xbox-720-will-be-six-times-as-powerful-as-current-gen
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