Gamesindustry.biz has reported that tech journalist Paul Thurrott has received some inside info on the next Xbox.

“Durango is going to be expensive – $500, $300 with a subscription – that kind of thing,” Thurrott told What The Tech’s video podcast.

Hewent on to say:

“Originally, they were going to announce this thing on April 24. Now they’re going to announce it on May 21. We know there are events occurring this year where we’re going to learn more about Durango. E3 is going to occur, Build is going to occur in San Francisco in June when they’re going to talk about the developer story because it’s a Windows 8 device. It’s going to have the same, or basically the same, developer tools and developer APIs.”

Mr. Thurrott also confirmed that the always on connectivity is here to stay.  He also revealed that we could/will see a $99 Xbox 360 later this year, currently going  by the codename Stingray.

Thurrott had the following to say about the always online connectivity:

“Will Microsoft change this requirement in the wake of early outrage? Frankly I think we’re too far along in the development process of the next Xbox, codenamed Durango, to make such a change. More to the point, I think that an always-on Xbox is directly in keeping with Microsoft’s strategy for all next-generation platforms.”

Of course this is all just rumor until Microsoft officially announces the console, as well as the details around it.  But what are your thoughts on the price?

Hit the jump for “leaked” specs for the Next Xbox…