While rumor has it that Microsoft’s next upcoming Xbox console, dubbed the Xbox 720 will be unveiled this Summer at the E3, up until now we know very little about what it would be like.

Earlier this week, IGN leaked or broken some inside news which suggested that the production of the Xbox 720′s graphics processing unit (GPU) is scheduled to begin by the end of this year. IGN said the GPU will be based on ATI’s Radeon HD 6670 GPU and should offer support for 3D technology, 1080p HD output, multiple displays and DirectX 11. Microsoft has also filed a patent that suggests the console will also offer DVR support, which has raised questions of whether or not the company will release two versions of the console, one with DVR support and one without it.

We’ll soon have more to follow regarding the rumored Xbox 720.

[via IGN]