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Yes, there will be a new Xbox console next fall.

Rumor: Natal Named Kinect, Xbox 360 Redesign Leaked
On the eve of E3 2010, an ad featuring the redesigned Xbox 360 has leaked online.



An advertisement for an unannounced redesigned Xbox 360 has appeared online, according to reports. The ad also acknowledges that the final name of Project Natal will be Kinect.

Several websites and forums are reporting that the advertisement seen above appeared earlier today on the Italian website Console Tribe. We're unable to verify the legitimacy of the advertisement at press time (as it appears to have been removed from the site), but given the frequency of report we're seeing, this seems legitimate.

Allegedly, the redesigned Xbox 360 will feature a 250GB hard drive and built-in WiFi.

You'll know as soon as we do whether this new information is real by tuning in to 1UP tomorrow morning for our live video stream of Microsoft's E3 Press Conference.

1UP's live coverage of E3 2010 will continue throughout the week.