The penultimate issue of Xbox World magazine has put together an article which details all the speculations and rumors which it says are likely to find their way on Microsoft's Xbox 720 device expected in 2013.

Among the list of new features is a new advanced Kinect 2, a Blu-ray optical drive, an A/V port for watching and recording broadcast TV and a Wii U-like redesigned controller with a built-in HD touch screen.

Xbox World also says that gamers can expect special augmented-reality glasses at a future date.

Much of the magazine's speculation is based on leaked documents from June which first revealed the shape the next generation console will take.

Microsoft released its Xbox 360 in 2005 as successor to its 2002 Xbox console.

The new console is expected in November 2013, according to Xbox World.

Codenamed Durango, the new console will be powered by a CPU with "four hardware cores, each divided into four logical cores" and 8GB of RAM.

The magazine says it will feature four USB ports and a removable hard drive. The new Kinect 2 is also said to be able to detect subtle finger movements and track up to four players in a single room.

More interestingly, Microsoft is rumored to be working on an Xbox Surface tablet - which could work in tandem with its console, similar to how Sony's PS Vita works with the PlayStation 3.

On Sunday, Nintendo became the first of the big three console manufacturers to launch its next generation video games box, the Wii U, which features an iPad-like touchscreen controller.

Sources close to the The Verge said Microsoft is planning a similar controller which will come in the form of a 7-inch fully portable tablet.

Microsoft hasn't commented on any of the rumors surrounding its new device and we're not likely to hear anything from the company until June's E3 conference, when the Xbox 720 is expected to be unveiled to the public.

Sony is also planning to release its next PlayStation console - PlayStation 4 - next year. There are even fewer details available on Sony's upcoming device, though some reports have suggested it will be rebranded as "Orbis".