Xbox fans have been excited for months, but today is finally the day Microsoft are set to bring the next generation of video gaming even closer with the official unveiling of the follow-up to the Xbox 360.
Big rivals Sony showed their hand in February with the unveiling of the PlayStation 4 in New York.
Microsoft had been tipped to wait until the annual E3 expo in Los Angeles in June to reveal details of their own all-new console.
But instead a tantalising bespoke event is being at their headquarters in Redmond, Seattle, instead - and the Mirror will be there to bring you live updates.
Here's what we know so far...
The big reveal will take place on Tuesday, May 21st at 10.00am Pacific Time (so 6.00pm in the UK).
The presentation is expected to last for an hour, to be followed by a discussion panel chaired by Larry Hyrb (the Director of Programming more commonly known to gamers as Major Nelson) and, we're promised, some degree of hands-on time with the new hardware.
Where is it happening?
The event will take place at the Xbox Campus, Microsoft's video game HQ in Redmond, Washington.
The team are currently building a bespoke structure within the grounds to house the various presentations - something Microsoft Interactive Entertainment Business chief of staff Aaron Greenburg has described on Twitter as "the house that Xbox built".
How can I watch the event?
We'll be live streaming the event on MirrorOnline's Video Game section - the same place where you'll find my live updates and analysis from Redmond.
What will the new console be called?
Good question. Security around Microsoft's plans has been so tight that we still don't even know. First iterations of the hardware were codenamed Durango, but it's unlikely the finished console will bear that unwieldy name.
Some commentators have suggested Xbox Infinity, others the more obvious Xbox 720.
There's also a growing feeling Microsoft might take a leaf out of Apple's book and go with the simple and stylish the New Xbox. Or even more definitively, just Xbox.
What will actually be revealed?
Another question that we can only speculate upon. Sony received a lot of flak for failing to show what the PlayStation 4 actually looked like in February, so you can guarantee Microsoft will have a box of some description on display.
With that will inevitably come a new controller. But the big question is: what will they do with Kinect? The Xbox 360's motion tracking camera proved to be controversial, selling in significant numbers but dogged by performance issues.
Insiders think an improved Kinect will be a key part of the new console's functionality, to the point where it will be included straight out of the box.
What will the new Xbox do?
The basic line is that the 720 will be competing with PC-quality gaming. It will likely use AMD graphics hardware, the manufacturer responsible for the sublime Radeon cards which make PC games look scrumptious.
Developers will also be keeping an eye on rumours that GPUs will be part of the set-up. Some insiders reckon that the new console will use two GPUs together - an infrastructure which will allow developers to code games in a more efficient way.
Other, more basic, whispers include Blu-Ray and WiFi support and an 8-core CPU with 500GB of hard drive space as standard.
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