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Microsoft to unveil AirPlay-like 'Smart Glass' app at E3?

The tech giant is expected to unveil new Xbox 360 app for the big three mobile platforms at the E3 game conference this week, according to an Engadget report.

Microsoft is rumored to be ready to unveil a new app this week at the E3 game conference for the Xbox 360 that will allow users to play video and other media on tablets and phones.

The AirPlay-like companion application -- dubbed "Smart Glass" -- will also allow users to beam content back to their game consoles for viewing on larger screens, according to an Engadget report. The app is also expected to be made available for tablets and phones running on Windows, Windows Phone, Android, and iOS.

Seemingly adding credence to this report is another Engadget report that reveals Microsoft has been busy buying up "Smart Glass"-related domains such microsoftsmartglass.net and xboxsmartglass.net.

So what does Microsoft have up its sleeve? It looks like we will have to wait until tomorrow to learn more. Be sure to tune in Monday at 9:15 a.m. PT for live coverage, analysis, and photos of Microsoft' E3 press event. In the meantime, feel free to check out our ongoing coverage of E3 2012.