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You better make some room on your surge protector, because on May 21st, Microsoft may be announcing something new for you to plug in.

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The Xbox 720, as it’s being referred to, will be revealed next month during an event set to take place at the company’s Redmond, Washington campus.

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Considering that Sony recently announced they will be releasing a Playstation 4, this Xbox announcement is coming at the perfect time. The console is said to “Mark the beginning of a new generation of games, TV and entertainment.” 

We’ll just see about that! But we’re going to have to wait until May 21st, so stay tuned.