Microsoft's successor to the Xbox 360 will be revealed at E3 2012 and developer Crytek is making a next-generation Timesplitters 4, according to sources speaking to Videogamer.com

A "high-ranking industry source at Crytek" told the website that while specifications for the next console have not been finalized, Crytek is using Microsoft's DirectX 11 for next-gen development. The source says Microsoft will announce the new Xbox in the next year, likely at E3 2012."Crytek believes that Microsoft will announce and launch its new machine ahead of rival Sony, though the developer is also investing resources into next-generation PlayStation development."Meanwhile, the source also claims TimeSplitters 4 is currently in development using CryEngine 3 and is already being demoed internally. The game was also apparently shown off in private last week at E3 2011."As for the game itself, the new TimeSplitters is reported to focus on the series' branching paths and exploratory nature, with sandbox-style gameplay elements a big priority. The current goal is for levels to feature multiple routes that lead to the same overall conclusion."Microsoft and Crytek both declined to comment on this report.