Xbox is almost ready to show off their next console. On May 21st, a little under a month from now, Microsoft will be streaming the reveal. At 10AM PDT the stream will be available through Xbox Live, Xbox.com and Spike TV.

Microsoft currently has this information displayed on their site, but they have also been sending out invitations to other bodies. Majornelson got this invitation:

“On Tuesday May 21st, we’ll mark the beginning of a new generation of games, TV and entertainment. On that day, we’ll be holding a special press event on the Xbox campus and we invite you to join us via the live global stream that will be available on Xbox.com, Xbox LIVE and broadcast on Spike TV if you are in the US or Canada.

On that day, we’ll share our vision for Xbox, and give you a real taste of the future. Then, 19-days later at the Electronic Entertainment Expo (E3) in Los Angeles, we’ll continue the conversation and showcase our full lineup of blockbuster games.

We are thrilled to pull back the curtain and reveal what we’ve been working on.”

What has Microsoft cooked up to make the Xbox more than just a games console this time around? Will we see new IP’s or an updated kinect? Perhaps we will see more services provided through Xbox Live or making it a better bargain in the face of Sony’s Playstation Plus.

What do you think? Will you be tuning in? Tell us below in the comments.