[UPDATE] Retail sources claim Microsoft and publishers will take a percentage of every used game; Microsoft says reports are "inaccurate and incomplete"; new report says no secondhand fees at all.

Company says project is not related to Xbox One or Reclaimer Trilogy; more information soon.

Xbox maker believes non-gaming entertainment capabilities of next-generation consoles can lead to record sales.

Source says Microsoft currently testing Siri-like feature for next-gen platform and mode that allows friends to take over gameplay.

Company says all sign-up pages for testing next-generation platform are fake.

Share value down more 6 percent today amid new reports claiming GameStop's business could be hurt by Microsoft's rumored used game policy for next-gen platform.

Xbox executive Don Mattrick says company believes Japan is an "important market" after Xbox 360 wasn't a big hit in the region.

Robert W. Baird industry watcher says Microsoft expected to subsidize next-gen platform, potentially through partnerships with media companies like Comcast.

Latest overhaul to city-building game adds Launch Park for early adopters, Edgewater Bay region, and various bug fixes.

Headset manufacturer working with Microsoft to bring "advanced audio solutions" to gamers.