Say hello to the rumoured Xbox 720 with Illumiroom technology.
The Microsoft Research project exhibited the above video at the Samsung CES keynote displaying what ironically is a 360 degree Xbox experience. The Kinect (likely 2.0) and a projector will engulf your room in the gameplay.
Full details of the Illumiroom technology are rumoured to be announced at a human-computer interaction conference in Paris in April/May.
If this is all true, Microsoft could be back in the game. The Xbox 360 is good, the Xbox 720 could be exceptional.