Coming straight out of a leaked document this morning is news of an Xbox 720, Kinect 2, and Google Glasses competitors. Allow me to quickly detail each product, then you can go ahead and read the 56-page document for yourself.
First off, the Xbox 720 would launch in the holiday of 2013 (along with the Kinect 2 and glasses), with Blu-ray support, PVR functionality, true 1080P support with 3D, improved processor and graphics hardware (through a continued partnership with AMD, formerly known as ATI), low power modes during media playback, and an always-on mode (which is what could turn it into the a home multimedia device). There is even notes mentioning the Xbox 720 connecting to smartphones, tablets, and games in such a way that it could share media.
The Kinect 2 would see improvements to its design and functionality, but where the real fun starts is the Fortaleza project, which would be a pair wireless glasses that could not only enable gamers and consumers to see content in 3D, but would function as VR glasses, taking content and games off the TV and implementing the images into a player’s environment. And while the first version of these glasses—arriving sometime in 2014—will connect to the Xbox 720 hardware via Wi-Fi, future versions of Fortaleza will instead use a 4G cellular connection, so you could wear them anywhere, turning them into a Google Glass competitor.