The next Xbox is code-named Durango, if Kotaku‘s “multiple sources close to the project” are anything to go by.
While it is not the final name for the product (once again, code-name), it is the name we’ll hear when the console is first revealed, according to the site. Think Kinect, and when it was first revealed as Project Natal.
Natal was actually named after a city in Brazil. And if legitimate, Durango looks to follow the same pattern, being named after a state in Mexico.