Microsoft squashed all of the rumors today concerning the next Xbox console and E3 2012. The company does not intend to unveil the new system, which is codenamed either “loop” or “durango” depending on who you talk to, at this year’s E3 or “any time soon” for that matter. In fact, they plan to focus entirely on the latest Xbox 360 games and services at the show.

Of course, this could just be a ploy to get Nintendo and Sony to let their guard down.