Things just got interesting. For what may been the first credible source since rumors started flying, MCV is reporting that they have been informed that both Microsoft and Sony will release information on their predecessors to the Xbox 360 and the Playstation 3. 

When questioned about the source, Ben Parfitt, the online editor for video game business site MCVuk.com, took to Twitter and said "Obviously we can't reveal our sources. But you have my personal word on this - the source is exemplary, 100% concrete, ultra high level."

Experts are not expecting prices or dates, but we should at least get some sort of announcement as to what might be offered from these consoles.

The competition is going to be heated and this year's E3 already looks to be one of the best conferences in years. Some say this is a plan to steal the Wii U's thunder as Nintendo is planning on revealing more information on it's new controller and system.

Which company's conference are you most looking forward to?

*This article was contributed to by Corey Winter.

UPDATE: According to Forbes, despite MCV's report, Pachter is unconvinced that Sony or Microsoft will reveal any new system at this years E3. I have a feeling this is going to be an interesting year for both Sony and Microsoft in competition with Nintendo. I honestly think they will at least tease or hint at a new console, but because of console sales, they may not release a new system THIS YEAR. That doesn't mean they won't talk about a new system. I do think, however, that Sony is more likely to reveal a new console than Microsoft because there's not even a name yet for the alleged console.

And yet, IGN is saying there WILL be a reveal...from the same source....I'm honestly extremely confused right now

So what do you think? Will there be a big reveal to keep the console war fresh? Or will Nintendo be the only company revealing more details on their next gen console. I guess we'll just have to wait and see..