The name's Xbox, just Xbox - and this is my friend X-Surface (updated)

Update: This story was a hoax, it has been revealed. The original story follows below, if you're interested in the current state of the Xbox rumour mill.

Microsoft is plumping for a traditional name for its bouncing new baby, getting back to basics by calling its next-generation console just Xbox. But according to Pocket-Lint it'll have a less conventionally named sibling to play with -- a gaming tablet called X-Surface.

The proud parent will likely present its progeny at E3 this year, and it won't double the digits for an Xbox 720, if an anonymous tipster is to be believed. The insider also reckons the X-Surface will be a portable Xbox, able to run all the games and access all the services its big brother can.

It'll have to pack some mighty componentry into its 7-inch frame, but apparently it can run the latest Unreal graphics engine at a superb 60 frames per second. You'll control it with a normal Xbox controller or its touchscreen and it won't have Windows 8 or RT (like the other Surface), but its own similar Xbox software.

That sounds ambitious, and rather more impressive than the Wii U. Will a tablet be able to match the performance of a home console and run the same games at the same frame rate? I have my doubts, but it's bound to be expensive.

The console itself has been widely leaked, with our nameless friend apparently confirming the Xbox's specs: an eight-core 1.9GHz AMD processor with a separate 800MHz graphics processor.

That would tally closely with rumours for the PlayStation 4, and make both of them very similar to a current high-end PC, meaning it'll theoretically be much easier for games makers to create stunning new titles for both consoles and PCs.

Previous rumours pegged the gaming tablet as having a 720p screen -- not much to write home about this year, with 5-inch 1080p phones popping up like high-res whackamoles. That may be the price you pay for high frame rates on busy action games though, and if the screen is bright and contrasty it shouldn't matter anyway.

What would you like to see from this year's next-gen consoles? Are you desperate for hi-def gaming on the go? Or do you do all your pwning from the sofa? Wish away in the comments, or over on our high frame-rate Facebook page.