This might be as close as we get to a confirmation prior to May 12th, but accroding to this post on GamesIndustry.biz, the next generation Xbox will indeed be called the Xbox 360. It will be white and be able to stand upright and might even be skinnable. That's pretty much all their source was able to confirm at this point fromt he documents they were able to get a hold of. Keep a close eye on Ourcolony.net also, since there is sure to be more pictures released through that site before the 12th.
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