The much-anticipated Xbox v.Next is going to be revealed at Microsoft campus on May 21. #XboxReveal event will be streamed live.

Microsoft has announced that they will be permanently lowering the price of the Kinect, while also debuting the Xbox 360 Essentials Pack.

Some highlights from Microsoft’s E3 2012 Press Conference

Epic’s upcoming Xbox 360 Kinect based game, Gears of War:Exile is cancelled.

Microsoft has announced that the Kinect for Windows 1.5 update will be released by late May. In addition, availability will be increased to nineteen additional countries.

The patent speaks extensively about detecting motion patterns, and it seems like these motions will be used as gestures. There are references to two distinct motion types in the patent filing. The first one is “touch motion”, which is the typical touch interface on a touchscreen device. The second one however, is a “release motion”, which is the gesture controlled input system Google has in plan.

Microsoft has just announced the Xbox 360 Special Edition 4GB Kinect Family Bundle today, which will be available for $299.

Microsoft reported its quarterly results with revenue of around $20.9 billion and a net profit of more than $6.6 billion. Its stock price has jumped to a 52-week high.

For the upcoming movie, Don 2, Microsoft India in partnership with Excel Entertainment, the producers of the film, has launched a unique contest which gives winners a once-in-a-lifetime opportunity to meet SRK and travel to Berlin.

LOVEFiLM, Europe’s largest subscription service for streaming movies and TV shows over the Internet and sending DVDs by post, launches on Xbox LIVE tomorrow. This would allow millions of Xbox users instant access to the movies they want to watch, when they want to watch them.

When Sony announced the PS 2 In March, 1999, Microsoft had no presence in consoles, and only a small piece in the game business with niche titles for PCs like Microsoft Flight Simulator. The long standing vision of Bill Gates: ‘a PC on every desk’ was near, but Microsoft had no presence in the living rooms.

Concept cars, technology vision videos, and even the scenarios in science fiction movies have been reasons of many of orgasms I have had. However, Microsoft’s peek into the future is built around current products and technologies and looks a certain reality in few months.

Kinect Fun Labs lets you discover and play with the newest advances in Kinect technology. This week, Kinect Fun Labs is launching two new experiences: Avatar Kinect and Kinect Sparkler.

An epic run down of the Impulse patents that Microsoft has been sued for and Microsoft’s patent portfolio regarding body and gesture tracking.

Impulse Technology Ltd., an Ohio company has sued Microsoft in Delaware’s federal court alleging that the Kinect for Xbox 360 infringes on seven of its patents.