xbox is hosting a new digital event on May 7, which will give viewers new information about the company's next console, currently codenamed Project Helix. Project Helix will be Xbox's next official console and the successor to the Series X/S. There have been several rumors floating around about the system over the past few months, which is expected before full details are released.
Earlier this month, Xbox debunked rumors that Project Helix would be a third-party device like the ROG Xbox Ally. Next-gen Xbox vice president Jason Ronald himself stepped in to correct the speculation, stating that this will be a first-party console. This means it's being made within Xbox rather than a partner company like ASUS. There have also been rumors that Xbox would allow outside groups to offer their own Helix products, but nothing has been confirmed yet.

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When is Xbox's Project Helix event?
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Thursday, May 7th at 9:00 AM PT
The new Xbox digital event will stream on the company's YouTube channel on May 7 at 9 a.m. PT. The event is called “Game Development Update,” and Jason Ronald and Xbox Portfolio and Programs GM Chris Charla will be on hand to introduce Project Helix. This event will focus on several different elements that should be important to Xbox partners, including information about developer tools, market changes, and more. In addition to all of this, viewers can also see a recap of Xbox announcements from GDC.
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As of now, it's unclear how much of the show will be dedicated to Project Helix. However, the system is already receiving a lot of promotion, with Xbox sending out Project Helix gift packages to streamers. This seems to suggest that Xbox is ready to start the hype cycle for a new system, even if it won't be released for some time. Hopefully, the company will provide solid information while keeping fans and developers excited about what's to come in the future.
There are a lot of concerns about Xbox ahead of the new console. For starters, the Xbox Series There has been a lot of uncertainty surrounding Xbox due to its changing strategy and messaging. Xbox will have to win consumers over again, and that could be a difficult task. Additionally, the lack of memory may increase the price of a new Xbox system. The price of the Xbox Series X/S has already increased significantly, and fans are worried about how much Project Helix will cost.
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There is currently little public information about Project Helix. New Xbox president Asha Sharma said Project Helix will play both Xbox and PC games. This could greatly expand the games the system can play while making it attractive to many people. Whether that will be enough to spark interest in the console is yet to be seen, but it could help it stand out more, something the Xbox Series X/S failed to do. Fans will want to tune in to the May 7th show to see if there's anything major Xbox will reveal.