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Nintendo ( NTDOY ) says its kickstarted the next generation of video game consoles with the Wii U . But considering its graphics and processing power are comparable to Microsoft s ( MSFT ) Xbox 360 and Sony s ( SNE ) PlayStation 3 , hardcore gamers are holding out for the next Xbox , tentatively dubbed Xbox 720, and next-generation PlayStation, tentatively called PS4 . Rumors insist Microsoft and Sony will both launch their next consoles in the fall of 2013, but SemiAccurate , the website that first reported the next Xbox could see a delay , says there is a bit of confusion over how the consoles are progressing and when they ll arrive.

According to SemiAccurate , the next Xbox is currently code-named Kryptos and not Durango anymore, and the next PlayStation is now code-named Thebes rather than Orbis. The PS4 will reportedly have a 28-nanometer AMD chipset and will be produced by IBM or Global Foundries.

SemiAccurate says the PS4 could be released in spring of 2014 or fall 2014 and the Xbox 720 could still see the delay from fall 2013 to 2014.

Xbox World claimed last month that the next Xbox will have a Blu-ray disc drive, Kinect 2.0, directional audio, TV output and input, an innovative controller and support for augmented reality glasses all packaged in a magnesium alloy shell that will supposedly use the same patented VaporMg process found on the Surface tablet .

Not only that, but Microsoft is also working on an Xbox Lite, according to reports from earlier this year.

As for PS4 details, VG247 reported in November that Sony has already sent out various developer kits with specs including 16GB of RAM and 256GB of storage.

Sony and Microsoft are expected to reveal their next consoles at E3 2013 this coming June.

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