Much like rumors of a PlayStation 4, there are murmurings of a possible Xbox 720 (which seems to be the logical step up in name from the Xbox 360). However if you were hoping that since Microsoft did not make an announcement at E3 this year regarding the successor to the Xbox 360, that they might be making one next year during E3 2012. If that's what you were hoping, you could be in for a disappointment as rumors have it that Microsoft is most probably looking at a 2013 release. These reports are pointing at processor chip manufacturers who are working with Microsoft to get the console released by 2013's holiday season.
Ubergizmo, Xbox 720 coming in 2013? (Rumor)
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